Electric Vehicles Will Be a Trillion-Dollar Industry. 3 Things Investors Need to Know

By Jason Hall and Tyler Crowe – Dec 26, 2022 at 5:02AM

NASDAQ: TSLA

Tesla

Market Cap

$495B

Today's Change

(-1.06%) -$1.66

Current Price

$155.45

Price as of April 17, 2024, 4:00 p.m. ET

Tesla, like almost every other EV stock, has fallen sharply this year. Before buying the dip, make sure you understand the big picture.

Electric vehicles are taking the automotive world by storm, and many start-ups want a piece of that trillion-dollar pie. The challenge will be making money in a notoriously unprofitable industry. In this video, Motley Fool contributors Jason Hall and Tyler Crowe break down what investors need to understand before investing in any company looking to make its mark in electric vehicles, such as NIO (NIO 2.62%), Lucid Motors (LCID 0.83%), Rivian (RIVN 0.34%), or even the EV leader, Tesla Motors (TSLA -1.06%).

*Stock prices used were from the afternoon of Dec. 13, 2022. The video was published on Dec. 27, 2022.

Jason Hall has no position in any of the stocks mentioned. Tyler Crowe has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Nio and Tesla. The Motley Fool has a disclosure policy. Jason Hall is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.