Most EV companies are still losing money despite valuations that indicate long-term profitable growth ahead. The problem for investors is legacy automakers gaining market share rapidly in 2024. Travis Hoium shows in this video that General Motors (GM 1.20%) and Ford (F 3.52%) are the growth players in EVs, not Tesla (TSLA -1.41%) or Rivian (RIVN 0.85%).
*Stock prices used were end-of-day prices of Jan. 7, 2025. The video was published on Jan. 7, 2025.