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3 Top EV Stocks to Buy in April
Rivian, Nio, and Polestar could thrive as Tesla tumbles.
As the Trump administration's "Liberation Day" tariffs rattle the markets, it might seem like a terrible time to invest in electric vehicle (EV) stocks. Those higher tariffs could disrupt supply chains, drive up labor and component costs, and make EVs much more expensive.
Shares of Tesla, the bellwether of the sector, have already dropped 40% this year. That decline can be attributed to its slowing sales, shrinking margin, Elon Musk's polarizing work with the Trump administration, and rising tariffs.
Image source: Getty Images.
