It has been a momentous year for electric vehicles (EVs). Tesla (NASDAQ: TSLA) began delivery of its Model Y, Ford's (NYSE: F) Mustang Mach-E will start showing up late in 2020, and a slew of other electric and hybrid models have started popping up at other automakers. And let's not forget booming EV stocks. As of this writing, Tesla shares are up 360% 2020 to-date alone, and Nikola Motors (NASDAQ: NKLA) made its debut as well (by way of merger with SPAC VectoIQ) and is up over 260% on the year -- not to mention myriad other small stocks all vying for a slice of the EV future.
But for investors who want to bet on the migration to a greener mode of transportation, chasing sky-high EV manufacturer stocks (some with a more than uncertain outlook) need not be the game. Three alternatives worth putting on your watch list are Ferrari (NYSE: RACE), Texas Instruments (NASDAQ: TXN), and Intel (NASDAQ: INTC).
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