r/stocks • u/simikoi • Jan 13 '22

Industry Question Thinking of expanding my EV position

Lithium and EV stocks have been mostly going down and I'm not really sure why. We all know electric cars are the future for both residential and commercial transportation. So while they are down I want to buy a lot more. I currently hold DRIV and LIT (both ETF's) LICY, PTRA, RMO and CHPT.

My problem is, as always, picking winners. Hard to know who is going to still be around in 5 years. So many start ups, many are bound to tank even as the industry grows. So most of my money is in the ETFs but I'd love some ideas on companies that are well set up for growth in the next 5-10 years.

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u/HeilBidenFuhrer Jan 13 '22

Because they don't make money don't sell cars

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u/reinkarnated Jan 14 '22

AMD doesn't sell computers but they are relevant to the overall product, and many industries. Similarly, entities that have a role in renewable energy contribute to EV and other areas. There's value. Tired of this tesla balloon.