A group of more than 3,000 auto dealers said in a letter to the White House that a majority of US consumers aren't ready to make the shift to EVs.
With the S&P 500 and the Nasdaq Composite Index having risen by double-digit figures in 2023, some investors might be thinking that things are starting to get a bit frothy in the market from a valuation perspective. Let's take a closer look at Apple (NASDAQ: AAPL), Chipotle Mexican Grill (NYSE: CMG), and Tesla (NASDAQ: TSLA), stocks that have crushed the market in 2023. Apple shares have climbed 45% this year, a gain that is fully attributable to its price-to-earnings (P/E) multiple expansion.
In the turbulent seas of economic uncertainty, Tesla emerges as the growth stock to buy and hold for a resilient future.