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.
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.
Li Auto Is Carving Out a Profitable Niche
Lou Whiteman (Li Auto): Li Auto