© Reuters. Tesla vs. Geely: Which Electric Vehicle Manufacturer is a Better Buy?
The electric vehicle industry is growing rapidly and, as such, is attracting access from established manufacturers such as China-based Geely (GELYY). But these new entrants in general, and Geely in particular, could jeopardize Tesla's (TSLA) leadership position? Continue reading. One of the hottest industries to invest in right now is electric vehicles. As the globe nears clean energy generation and consumption, EV companies are poised to grow faster.
While 2020 was a breakthrough year for EV stocks, several EV companies have underperformed the market this year, allowing investors to buy growth stocks at more attractive valuations.
Here we compare two popular EV stocks. One is the market leader, Tesla (NASDAQ :), and the other is Geely (GELYY), a company based in the country with the world's largest market for electric vehicles – China.
Read on on StockNews
Disclaimer: Fusion Media would like to remind you that the information contained on this website is not necessarily real-time or accurate. All CFDs (stocks, indices, futures) and forex prices are not provided by exchanges, but by market makers. As a result, prices may not be accurate and may differ from the actual market price. This means that the prices are indicative and not suitable for trading purposes. Therefore, Fusion Media is not responsible for any trading losses you may suffer from using this data.
Fusion Media or any person involved with Fusion Media assumes no liability for any loss or damage caused by reliance on the information contained on this website, such as data, offers, charts and buy / sell signals. Please inform yourself comprehensively about the risks and costs associated with trading in the financial markets. This is one of the riskiest forms of investment possible.