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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 +2.07%) and Ford (F +3.00%) are the growth players in EVs, not Tesla (TSLA +5.14%) or Rivian (RIVN +6.00%).

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

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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 no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Tesla. The Motley Fool recommends General Motors 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
$362.86
(+5.14%)+$17.73
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---% Avg Return
Ford Motor Company Stock Quote
Ford Motor Company
NYSE: F
$14.41
(+3.00%)+$0.42
General Motors Stock Quote
General Motors
NYSE: GM
$87.93
(+2.07%)+$1.78
Lucid Group Stock Quote
Lucid Group
NASDAQ: LCID
$5.51
(-2.04%)-$0.12
Rivian Automotive Stock Quote
Rivian Automotive
NASDAQ: RIVN
$16.97
(+6.00%)+$0.96

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

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