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Forget Tesla: This Is The Best Way To Profit From Electric Cars

Tesla Motors (Nasdaq: TSLA) has been one of the best ways to cash in on the growing demand for electric cars. After climbing steadily for three years, shares have shot higher this year, surging 390% in just the past nine months.

But despite that very bullish move, shareholders got a big scare last week when a video of its Model S EV catching fire went viral across the Internet. That sent Tesla plunging 10%, carving about $3 billion off its market cap.

While there’s no question Tesla is a great company, it’s a good example of the risks associated with investing in original equipment manufacturers (OEMs): Consumers are fickle, and bad public relations can be a killer. And that can spell big trouble for shareholders.

There’s a better way to cash in on growth in the electric car industry.

Unlike OEMs, there is little model-specific risk. And unlike Tesla, trading with a ridiculous valuation, shares of this global leader are trading at a relative discount after a short-term pullback. Take a look at the dip below.
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