Forget Nikola: 2 Better EV Stocks to Buy First

By Jason Hall and Tyler Crowe – Mar 15, 2024 at 5:01AM

NASDAQ: NKLA

Nikola

Market Cap

$892M

Today's Change

(7.35%) $0.04

Current Price

$0.66

Price as of May 3, 2024, 4:00 p.m. ET

One deep value investment and another start-up with much better prospects.

In this video, Motley Fool contributors Jason Hall and Tyler Crowe explain why Nikola (NKLA 7.35%) is loaded with risk now and what makes Stellantis (STLA 1.44%) and Quantumscape (QS 2.15%) better stocks to buy on the future of electric cars.

*Stock prices used were from the afternoon of March 12, 2024. The video was published on March 14, 2024.

Jason Hall has positions in Nikola and QuantumScape. Tyler Crowe has no position in any of the stocks mentioned. The Motley Fool recommends Stellantis. 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 their link, they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.