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Despite one of the worst years in automotive history, Tesla (NASDAQ: TSLA) shocked everyone by surging 300% higher from its April lows.
This brings their return from IPO up over 7,000%.
They have even surpassed the market cap of Toyota (NYSE:TM), one of the largest automotive manufacturers in the world.
Tesla's meteoric rise and the emergence of all-electric competitors like Rivian, Nikola, and Lordstown Motors have investors clamoring to get in early on the next big thing.
But the best electric vehicle stock to buy right now is none of the above.
In fact, this company doesn't even make cars.