Automotive titan Tesla, Inc. (TSLA) has pioneered the battery electric vehicle (BEV) space. However, TSLA has been sliding from its leadership position in the BEV space, with existing automakers and new entrants grabbing market share. Therefore, investors looking to capitalize on the EV industry’s long-term prospects could invest in fundamentally sound stocks Mercedes-Benz Group AG (MBGAF), Stellantis N.V. (STLA), and Honda Motor Co., Ltd. (HMC) instead.
Before discussing what makes these stocks wise investments, let me explain why it could be wise to avoid TSLA now.
