3 Suppliers to Ride the Electric Vehicle Revolution

The rest of the auto sector has taken note of Tesla's success

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3 Suppliers to Ride the Electric Vehicle Revolution

tesla tsla model s 185 3 Suppliers to Ride the Electric Vehicle RevolutionTesla (TSLA) has rewritten the rules of momentum stocks in 2013, with TSLA stock up an amazing 400% year-to-date.

But bigger picture, Tesla has taken an important step towards rewriting the rules of the vehicle market.

Electric vehicles have long been criticized as a quirky but impractical transportation option thanks to short ranges and huge price tags. But while pricey and admittedly limited in its use because of a lack of charging stations, the Tesla Model S sedan has proven not just viable but wildly successful.

And the rest of the auto sector has noticed. General Motors (GM) is now working on a version of the Chevrolet Volt that could go head-to-head with Tesla, with the goal of a 200-mile battery range and a $30,000 price tag. Meanwhile, Ford (F) has invested $8 million in a lab at the University of Michigan to improve its electric vehicle plans with more efficient and cost-effective batteries.

So if you missed out on the Tesla run and you’re worried about buying a top in TSLA stock now, don’t fret. Because the electric vehicle revolution is just getting started.

Here are three great ways to play that trend:


Article printed from InvestorPlace Media, http://investorplace.com/2013/10/tsla-electric-vehicle-suppliers/.

©2014 InvestorPlace Media, LLC

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