My No. 1 Electric Vehicle Pick for 2022 This article is excerpted from Tom Yeung’s Profit Protection newsletter dated July 29, 2022. To make sure you don’t miss any of Tom’s picks, subscribe to his mailing list here . Source: Alexandru Nika | Shutterstock.com Investing in electric vehicle stocks is deceptively tricky. For every Tesla ( TSLA ) that makes it, dozens more, from Electric Last Mile Solutions ( ELMSQ ) to Workhorse ( WKHS ), fizzle out. After all, electric vehicles are first and foremost, vehicle producers. These capital-intensive automakers tend to make poor investments. Car manufacturers often spend millions to update production lines, only to find that customers have moved on to a different trend by the time the first vehicle gets produced. Dealership networks also create a headache for manufacturers; most states have regulations that limit the number of new dealers, forcing new entrants to sell direct-to-consumer. It’s no surprise that companies like Lordstown Motors ( RIDE ) have struggled against entrenched competitors like Ford ( F ) and General Motors ( GM ). $100,000 invested in the 74 EV stocks tracked by Thomson Reuters would have shrunk to $54,000 over the past year.