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Why the Best Electric Vehicle Stock Doesn't Make Cars

Despite one of the worst years in automotive history, Tesla (NASDAQ: TSLA) shocked everyone by surging 300% higher from its April lows. This brings their return from IPO up over 7,000%. They have even surpassed the market cap of Toyota (NYSE:TM), one of the largest automotive manufacturers in the world. Tesla's meteoric rise and the emergence of all-electric competitors like Rivian, Nikola, and Lordstown Motors have investors clamoring to get in early on the next big thing. But the best electric vehicle stock to buy right now is none of the above. In fact, this company doesn't even make cars. The post Why the Best Electric Vehicle Stock Doesn't Make Cars appeared first on Money Morning - We Make Investing Profitable . Read more... Tags: tech stocks To get full access to all Money Morning content, click here About Money Morning: Money Morning gives you access to a team of ten market experts with more than 250 years of combined investing experience – for free . Our experts – who have appeared on FOXBusiness, CNBC, NPR, and BloombergTV – deliver daily investing tips and stock picks, provide analysis with actions to take, and answer your biggest market questions. Our goal is to help our millions of e-newsletter subscribers and Moneymorning.com visitors become smarter, more confident investors. Disclaimer: © 2020 Money Morning and Money Map Press. All Rights Reserved. Protected by copyright of the United States and international treaties. Any reproduction, copying, or redistribution (electronic or otherwise, including the world wide web), of content from this webpage, in whole or in part, is strictly prohibited without the express written permission of Money Morning. 16 W. Madison St. Baltimore, MD, 21201.
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