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EV stocks are valued much more highly than traditional manufacturers, but does that make sense?
The auto industry has been a terrible place to invest money for decades, so why is the EV market any different? The same laws of supply and demand are in place, and manufacturers face similar fixed costs that have plagued the auto industry.
Travis Hoium gives historical context and questions the valuation of all EV stocks in this video.
*Stock prices used were end-of-day prices of March 8, 2024. The video was published on March 11, 2024.
Travis Hoium has positions in General Motors. The Motley Fool has positions in and recommends BYD and Tesla. The Motley Fool recommends General Motors and recommends the following options: long January 2025 $25 calls on General Motors. The Motley Fool has a disclosure policy. The Motley Fool has a disclosure policy. Travis Hoium is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.
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