Day: December 12, 2020

Ignore NIO, These 3 Stocks Are Better Buys Right Now

It’s been an amazing year for electric-vehicle stocks, as a new generation of start-ups has joined Tesla in capturing the imagination of investors.

Chinese electric car company NIO (NYSE:NIO) has led the way, with its shares up more than 1,000% for the year as investors bet on disruption as the automotive industry goes electric.

NIO is an exciting company, but it’s fair to say a lot of that enthusiasm is already priced into the shares. NIO currently trade at about 20 times expected sales over the next 12 months.

Given that valuation, it might be best to focus attention on other options right now. Here’s why we think Li Auto (NASDAQ:LI), General Motors (NYSE:GM), and Hyliion Holdings (NYSE:HYLN) are better buys today.

Illustration of a vehicle driving over currency.

Image source: Getty Images.

Li Auto Is Carving Out a Profitable Niche

Lou Whiteman (Li Auto): Li Auto

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Used Cars For Sale Online Near Me

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