Tesla Stock Soared 47% Since Nov. 5, but Here's a Better Way to Invest in the Self-Driving Revolution Right Now

Tesla (NASDAQ: TSLA) stock is up 47% since Donald Trump's Election Day victory on Nov. 5. It isn't necessarily because investors think the company is about to sell more electric vehicles (EVs) -- in fact, its EV deliveries are on track to shrink in 2024 for the first time since it launched the Model S in 2011.The stock is soaring because the Trump administration is likely to approach autonomous driving technologies with a relatively light regulatory touch. That means Tesla might be able to commercialize its self-driving software, and its new Cybercab robotaxi, with significantly less red tape in the way. Since analysts like Cathie Wood think the technology will be worth trillions of dollars to the company over the next few years, perhaps it's no surprise the stock is already surging. But with a price-to-earnings (P/E) ratio of 98, Tesla stock is currently three times more expensive than the Nasdaq-100 technology index, so buying it here might be a risky bet. Instead, here's why investors might want to consider buying the Global X Autonomous and Electric Vehicles ETF (NASDAQ: DRIV).Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool