Most EV companies are still losing money despite valuations that indicate long-term profitable growth ahead. The problem for investors is legacy automakers gaining market share rapidly in 2024. Travis Hoium shows in this video that General Motors (NYSE: GM) and Ford (NYSE: F) are the growth players in EVs, not Tesla (NASDAQ: TSLA) or Rivian (NASDAQ: RIVN).

*Stock prices used were end-of-day prices of Jan. 7, 2025. The video was published on Jan. 7, 2025.

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Source Fool.com