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This Is My Favorite EV Stock Right Now

TheMotleyFool

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Electric-vehicle (EV) leader Tesla (NASDAQ: TSLA) defied conventional carmaking techniques to launch better products. Likewise, its stock has so far defied conventional valuation metrics. The key question is, can it continue to do so?

As of this writing, Tesla stock is trading less than 10% above its 52-week low price. The stock's valuation metrics, such as its price-to-earnings (P/E) and price-earnings-to-growth (PEG) ratios, have fallen to extremely attractive levels, compared to their historical levels.