2 No-Brainer Electric Car Stocks to Buy With $200 Right Now

Industry Overview - The electric vehicle (EV) industry is experiencing a consistent uptrend, with 7.8% of vehicles sold in the U.S. being electric, up from 3.3% at the start of 2022, indicating a positive trajectory for long-term demand [6] - Despite some volatility, long-term forecasts suggest steadily increasing demand for EVs over the next decade [6] Company Analysis - Tesla is currently valued at $1.5 trillion, trading at 17 times sales, making it a significant player in the EV market [3] - Tesla has over $30 billion in cash and is profitable, providing a strong financial position compared to smaller competitors like Rivian, which has around $6.7 billion in cash and has yet to post a profit [4] - Rivian has a market cap of approximately $16 billion, which is 99% smaller than Tesla's, but it presents a potential for significant upside if it can execute its plans effectively [10][11] - Rivian is expected to begin shipping three mass-market vehicles by 2026, which could lead to a rise in sales and stock valuation similar to Tesla's early success with the Model 3 and Model Y [11] Investment Considerations - Investing in both Tesla and Rivian could provide diversification across the current market leader and a potential future leader in the EV space [5] - The financial challenges faced by many EV start-ups are primarily due to running out of capital, highlighting the importance of financial resources in the automotive industry [2][9]