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 1.99%) and Ford (F 1.91%) are the growth players in EVs, not Tesla (TSLA 3.49%) or Rivian (RIVN 1.38%).

*Stock prices used were end-of-day prices of Jan. 7, 2025. The video was published on Jan. 7, 2025.