Tesla (TSLA +0.99%) 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 2.46%), Lucid Group (LCID 4.71%), Nio (NIO +2.08%), and Canoo (GOEV +116.67%).
*Stock prices used were from the afternoon of April 24, 2023. The video was published on April 25, 2023.
