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Missed the Boat on Tesla? Here's 1 Auto Stock That's Still on the Rise

Tesla's margins are falling and shares are incredibly expensive, but there's one auto company that's making billions and giving it back to shareholders at a rapid clip.

By Travis Hoium – Jan 23, 2024 at 6:45AM EST

Tesla (TSLA +0.91%) is losing power as an electric vehicle manufacturer, resulting in falling margins and slowing revenue growth. But one company continues to make billions in cash, and it's buying back a huge chunk of its shares. In this video, Travis Hoium highlights that stock and why Tesla isn't the best auto stock to buy today.

*Stock prices used were end-of-day prices of Jan. 19, 2024. The video was published on Jan. 21, 2024.

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About the Author

Travis Hoium
Travis Hoium is a contributing Motley Fool stock market analyst covering solar energy, technology, and growth stocks. Before The Motley Fool, Travis was a mechanical engineer at 3M and founded a virtual reality company. He holds a bachelor’s degree in mechanical engineering and a master’s degree in business administration from the University of Minnesota.
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Travis Hoium has positions in General Motors. The Motley Fool has positions in and recommends Tesla. The Motley Fool recommends General Motors and Stellantis and recommends the following options: long January 2025 $25 calls on General Motors. 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.

Stocks Mentioned

Tesla Stock Quote
Tesla
NASDAQ: TSLA
$348.76
(+0.91%)+$3.14
General Motors Stock Quote
General Motors
NYSE: GM
$76.38
(-0.46%)-$0.35
Stellantis Stock Quote
Stellantis
NYSE: STLA
$8.04
(+1.39%)+$0.11
Lucid Group Stock Quote
Lucid Group
NASDAQ: LCID
$8.58
(-2.17%)-$0.19
Rivian Automotive Stock Quote
Rivian Automotive
NASDAQ: RIVN
$15.43
(+1.25%)+$0.19

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

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