Tesla Stock: One Chart That Shows Why This is the Top EV Stock to Buy Now
The shift to electric is coming. The International Energy Agency (IEA) estimates that roughly 60% of new vehicles sold will be electric in 2030. Tesla (NASDAQ: TSLA) was a first-mover. Investors have fiercely debated the company's stock, which trades at a hefty premium to those of competitors like Ford and General Motors.
One could argue that Tesla is a car company with money-sucking capital requirements like any other automotive maker. Others might say Tesla is a technology company that goes beyond vehicles. But there's something about Tesla that matters way more than this argument.
Here is the chart that matters, and why it makes Tesla a superior stock to its electric vehicle (EV) competitors.
Source Fool.com
