5 Best EV Stocks Under $50

1. General Motors Company (NYSE:GM)

Number of Hedge Fund Holders: 72

General Motors Company (NYSE:GM) is one of the traditional car companies that are staunchly commited to an all-electric future. In 2021 General Motors Company (NYSE:GM) announced it plans to stop selling gas burning cars by 2025. General Motors Company (NYSE:GM) is rolling out several EV models in the market.

Patient Capital Opportunity Equity Strategy made the following comment about General Motors Company (NYSE:GM) in its Q2 2023 investor letter:

“We like other names mostly ignored by the market for similar reasons. Names like Expedia (EXPE), General Motors Company (NYSE:GM), and Delta Air Lines. These companies have strong returns on capital (14%+), good competitive positions, cheap valuations (all double-digit free cash flow yields), and are returning capital to shareholders. We trust the managements to take advantage of their depressed stock prices and create long-term shareholder value.”

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