Tesla’s rise last year to become the world’s most valued automaker by market cap is drawing investors to electric vehicle start-ups and even drawing money to established automakers like General Motors as it shifts to EVs.
Such stocks could become even more attractive to Wall Street under President Joe Biden, who has made climate change a priority of his administration. That includes giving consumers incentives to adopt EVs, which use electricity instead of gasoline and produce zero emissions that are harmful to the environment.
