Why Tesla's Still Underperforming Lucid and Ford
In case you missed it, Tesla's (NASDAQ: TSLA) market capitalization passed $1.25 trillion after share prices increased over 55% in a month. To put that into context, consider that Tesla added over $350 billion in market cap, which is more than the entire value of Toyota and General Motors combined, in just one month.
However, in the last week and a half or so, Tesla stock has fallen over 17% and is back under the $1 trillion market cap threshold as investors react to CEO Elon Musk selling some of his Tesla shares. Even at its peak, Tesla stock had still underperformed up-and-coming electric vehicle (EV) start-up Lucid Group (NASDAQ: LCID) and Ford (NYSE: F) so far this year. Here's why all three stocks are outperforming the market, and which one is the best buy now.
Source Fool.com
