Why Tesla Stock Jumped in December While EV Charging Stocks Tanked

Tesla (NASDAQ: TSLA) CEO Elon Musk bet on Donald Trump winning the November election, and investors jumped on the Tesla bandwagon after discovering he bet right. The election results helped drive Tesla shares sharply higher to end the year. But with those U.S. election results comes a mixed picture ahead for the electric vehicle (EV) sector.According to data provided by S&P Global Market Intelligence, the EV leader's stock ended up rising 17% in December. But shares of EV charging companies didn't fare as well. ChargePoint Holdings (NYSE: CHPT) and EVgo (NASDAQ: EVGO) shares slid 12.3% and 37.8%, respectively.Investors looking to dive into the EV space should understand what led to that disparity and what might be coming as the market heads into 2025.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool