However, every market correction provides investors a chance to buy quality stocks at a lower multiple. Here, we look at two such companies in the EV space that should be on the buying radar of investors. One is a market leader in Tesla (TSLA) while the other is a far smaller company- Arrival (ARVL) which is looking to gain traction in the highly disruptive EV segment.
The shift towards clean energy solutions will be a key driver for EV manufacturers making them solid long-term bets. Let’s see which between Tesla and Arrival is the better EV stock right now.