5 Best EV Stocks to Buy According to Cathie Wood

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1. Tesla, Inc. (NASDAQ: TSLA)

Tesla is the best EV stock to buy now according to Cathie Wood. Tesla is up about 333% over the last 12 months. Tesla currently has a $783.3 billion market capitalization. For the past 3 months, it delivered a decent 51.29% return and settled at $816.12 per share at the closing of February 12th.

ARK Investment Management is one of the biggest stakeholders of Tesla. The fund owns $2.9 billion worth of shares of the company. Tesla accounts for about 7.76% of ARK’s total portfolio.

Cathie Wood projects that Tesla will be leading the transition from internal combustion engine to electric vehicles. Here is what she stated in her interview:

“Who is going to be leading the charge? We still think it is Tesla, Inc. (NASDAQ: TSLA) certainly in the United States, even in China, Tesla is the number one brand.”

You can also take a peek at 10 Biggest Companies Competing With Netflix and 15 Fastest Growing Franchises.

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