2 Top Electric Vehicle (EV) Stocks to Buy in August
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The electric vehicle sector remains a high-stakes battleground, with Nio and Rivian emerging as compelling plays despite market turbulence. Supply chain disruptions and interest rate volatility have compressed valuations, creating entry points for long-term investors.
Nio's battery-swap technology differentiates it in China's cutthroat EV market. Trading at just 1.06 times sales compared to Tesla's 11.5 multiple, the premium brand carries significant upside potential. Yet profitability remains elusive, with $3.3 billion in losses last year casting shadows on its growth narrative.
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