The market for electric vehicles (EVs) is a crowded one. With EV adoption expected to increase at a near-exponential rate, the industry's potential has attracted legacy automakers and start-ups looking to make a name for themselves.

Yet, when it comes down to brass tacks, there is one EV manufacturer worthy of a spot in investors' portfolios: Tesla (NASDAQ: TSLA). Here are three reasons it is the ultimate EV stock to buy with $1,000 today.

Image source: Tesla.

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Source Fool.com