Investors are dumping GM's stock in the wake of earnings. Here's one likely reason why.
After kicking off Wednesday on a positive note and popping by 2% in early morning trading, electric vehicle stock Nio (NYSE: NIO) shed all of those gains and then some. At the close of the session, Nio shares were down by 2.9%. Nio's chief rival Tesla (NASDAQ: TSLA) is firing on all cylinders.
With the world increasingly recognizing the dire need to switch to clean energy, several economies now see electric vehicles (EVs) as a key part of their energy transition plans. You may not want to miss the race, either, so if you're looking to bet on electric vehicles, here are two top stocks you'd want to buy now. Ford (NYSE: F) is in a much stronger position now than it was roughly a year ago thanks to a leadership change.