Ready to Buy EV Stocks? This Lithium Miner Is Actually Making Investors Money

By Jason Hall and Tyler Crowe – Jan 13, 2023 at 4:32PM

NYSE: ALB

Albemarle

Market Cap

$13B

Today's Change

(0.10%) $0.12

Current Price

$112.41

Price as of April 23, 2024, 9:39 a.m. ET

A long track record of profits and a big growth plan make Albemarle a better, safer bet than money-burning EV start-ups.

Electric vehicles (EVs) are disrupting the auto industry and taking market share. But with the exception of Tesla, EV stocks have not proven to be worthy long-term investments, and the auto industry has rarely been a smart place to invest.

Instead, Motley Fool contributor Tyler Crowe thinks investors looking to ride EV tailwinds should consider Albemarle (ALB 0.10%), the lithium miner that's made its investors money for years. Watch him break it down for fellow contributor Jason Hall in this video.

*Stock prices used were from the afternoon of Jan. 6, 2022. The video was published on Jan. 13, 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 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.