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 +0.05%) and Ford (F +0.84%) are the growth players in EVs, not Tesla (TSLA +2.57%) or Rivian (RIVN +11.87%).
*Stock prices used were end-of-day prices of Jan. 7, 2025. The video was published on Jan. 7, 2025.
