A Better Way to Invest in EVs than Tesla...

Every time I cruise around Raleigh, it’s like Tesla drivers have multiplied.

Seriously, they’re everywhere!

Tesla sold just under 500,000 cars in 2020. Here we are two years later, and the company has already sold approximately 565,000 cars in the first half of 2022 alone.

The shift toward electric vehicles (EVs) can no longer be ignored. It’s a megatrend staring us in the face, with EVs forecast to jump from 7.6% market share today to 51% by 2030:

Finding a great megatrend to invest in is a good starting point.

But more important is the price you pay to get exposure to the trend. You need to buy the right stocks at the right valuation.

As you may have guessed, for the bulk of investors and traders, the go-to EV play has been Tesla (TSLA). It’s now the fifth-largest company in the US... and its stock has handed investors 932% gains since 2020. But even with this year’s big sell-off, I’m not a fan of buying Tesla here.

It’s wildly overvalued. Simple as that.