Meet the Supercharged Auto Stock That's a Better Buy Than Tesla

Few stocks have generated investor wealth like Tesla. In the past decade, shares of the electric vehicle (EV) pioneer have soared 2,420%. That gain is hard to beat. However, at a price-to-earnings (P/E) ratio of 182, Tesla undoubtedly trades at a nosebleed valuation. That multiple implies flawless execution for the business to not only introduce full self-driving technology, but to be able to commercialize it to remarkable success.That kind of outcome is far from certain. But for investors looking to put money to work in this industry, there's another supercharged auto stock, which is up 101% in the past three years, that's a better buy than Tesla.Investors should take a closer look at Ferrari (NYSE: RACE). The Maranello, Italy-based enterprise continues to report strong financial results. For the three-month period ended Dec. 31, Ferrari increased revenue 11.8% year over year. Because shipments only grew by less than 1%, that double-digit top-line gain was bolstered by favorable pricing from a changing product mix. There's strong interest in personalization, which adds to the costs consumers pay.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool