Electric-vehicle stocks have taken investors on a wild ride in recent weeks, fueling a debate about whether the stocks are overvalued.
It's not an easy time to be an investor. On one hand, it appears we've hit a tipping point toward the inevitable electrification of the automotive industry. But the coming disruptions will create winners and losers, and with the disruptors trading at sky-high valuations, it is risky to just pile into the stocks.
You could instead buy into some of the incumbent automakers that appear well positioned to compete in the new environment. Another option is to invest in companies that stand to do well no matter who the eventual winners are among automakers.