With Tesla and other EV companies touching the sky, it can be hard to invest. But you can invest in Ford Motor Company (NYSE: F) and Rivian Automotive (NASDAQ: RIVN). Consumer demand, innovation, and government support may soon make EVs more competitive than their gas-powered counterparts, which might lead to their eventual overtake as a result of accelerating adoption. Selling for less than $20, you can bag approximately 10 shares for $100 and these stocks can produce the same massive gains as Tesla.
Ford (F) is enjoying a great sales year in the United States; in May, deliveries increased by 11%. It was only surpassed by Tesla in terms of EV sales in the US last year. The Ford Model E electric car business is one of the three divisions into which the firm now divides its earnings.
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