Tesla (TSLA 1.04%) has been a life-changing winner for some investors. EVs are changing the auto industry permanently. But history tells us investors chasing the next Tesla are probably making a big mistake that will cost them. In this video, Motley Fool contributor Jason Hall breaks down why chasing the next Tesla -- just like chasing the next Meta Platforms, Netflix, or Starbucks -- didn't lead to big returns. Also discussed: Rivian (RIVN +0.61%), Lucid Group (LCID 3.03%), Nio (NIO 7.27%), and Canoo (GOEV +36.54%).
*Stock prices used were from the afternoon of April 24, 2023. The video was published on April 25, 2023.
