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Tesla Investors Beware: Toyota's President Just Threw Shade on the EV Revolution

TheMotleyFool

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Tesla Investors Beware: Toyota's President Just Threw Shade on the EV Revolution

What a year it's been for electric vehicle investors. EV leader and first mover Tesla (NASDAQ: TSLA) saw its stock soar during 2020. Unsurprisingly, 2020 then saw more young EV wannabes swept up in the positive momentum, with many upstarts rushing to go public in a flurry of IPOs and SPACs to raise money from an eager public.

Yet while some of these EV stocks could work out in the long run, many have gotten way ahead of themselves. Several now sport market caps in the tens of billions, despite very little revenue to show thus far.