My Top Electric Car Stock to Buy and Hold Forever
Like it or not, the regulatory push toward electric vehicles (EVs) is undeniable. Because of this trend, several new companies have risen to meet demand before legacy automakers can pivot their business models. These companies have also brought both business and technological innovation, as these upstarts are doing away with the dealership model that compresses legacy automakers' margins.
My top EV stock is likely no surprise; it's Tesla (NASDAQ: TSLA). Tesla is the worldwide leader in EVs, and many investors have made great returns by purchasing the stock of the industry leader in expanding markets. Even though the stock has a lot of hype built into it, I believe it still has room to run.
Image source: Tesla.
Source Fool.com
