The meteoric rise of
Tesla(NASDAQ:TSLA) over the past year fuelled a wave of investor interest in EV stocks.
The EV sector is full of newcomers hoping to deliver the same success Tesla achieved. Some will grow to become very successful companies; others will fail and disappoint investors.
Betting on start-ups can result in huge gains if you get the timing right and choose the eventual winners. Unfortunately, nobody knows which stocks will be the next Tesla. In fact, Tesla CEO Elon Musk even said last December his company was about a month from filing for bankruptcy during a tough period between 2017 and 2019. Today, Tesla has a market capitalization of roughly US$775 billion.