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However, Tesla, Inc. (TSLA) was able to slough off the supply chain challenges. The company dominated electric vehicle (EV) sales in November. In addition, TSLA topped the month with 1,013 for Tesla Model Y cars registered and 771 Tesla model 3 cars registered. Its stock has gained more than 90% in price over the past year, and we think looks overvalued at its current price level.
Happily, we think there are a few automotive companies other than Tesla that are worth considering. For example, due to their excellent brand value and financial flexibility, Isuzu Motors Limited (ISUZY) and Mazda Motor Corporation (MZDAY) are expected to deliver returns that match TSLA’s in the near term. Thus, these stocks could be solid bets now.
