 on fire what's up money geeks mr. V here welcome to another video guys so in today's video I want us to take a look at a sector that has been on fire lately so if you have been watching the market and looking at all the stocks that are being really gapping high and also just looking at no trends and looking at what people are talking about you would notice that a lot is being said about electric cars that space it's just crazy from Tesla to Nikola model I mean like to work horse there's a lot going on that you know the market is actually responding to so the electric car industry is picking up and in my opinion it hasn't even started yet because still a lot of people I mean still drive cars that uses gas right so if you see somebody driving a Tesla is like oh man not pressing as rich or you think they want to show off right this is where we are with electric cars but I'm thinking in the next five to ten years that's going to change completely because either here in the United States with Tesla, Nikola model and all these other companies you go to Canada there is Solo you go to China there's Neil everywhere these electric cars is becoming a thing so a lot of people are looking in not just from a car perspective but they're looking at like semi trucks and delivery trucks and other things that can cut back on the amount of fossil fuel that is being used so it's an exciting industry so if you're looking like oh Tesla is now but maybe $1200 it's just like man I missed out on Tesla there is a way to go around that you can look for other companies that are still up and coming that are electric and you can invest in those and hopefully someday they can get to where Tesla is I mean I know Tesla is a beast and the option too is that just don't focus on Tesla right because when you look at Tesla they actually have other companies that supply them stuff so from their brakes to their radar system to the lighter system that they use every a bit of the parts that go into the company comes from some other company so find companies that are suppliers to somebody like Tesla and they invest in this company because as Tesla grows bigger guess what they're going to be demand for the product that they're buying from that particular supplier so that would be some another way for you to be in that space without necessarily investing in the main company and the beauty about that is that when you invest in the supplier to Tesla they probably would be supplying to all the other companies as well so they'll grow even bigger so I just want to talk about that because this is an industry that is starting to get hot so if you're not in this space yet I'll just start looking at it from Tesla to Nikola Modo to Workhorse to Neil just to Solo start looking at it and see how you can get in again like I said you can get in on the act but get into the actual companies or you can find their suppliers and buy into so I mean some of these companies I have I have positions in and they're mostly looking back at looking at some of the suppliers so that's something I'm going to do here on the channel I'm going to start looking at the suppliers to each of these companies and see which one is the best and hopefully do a video for you guys to actually see so that is my take I hope that this was helpful just to kind of give you guys some guidance and I just want to share this because I don't want you guys to sit there and miss out on opportunities like this so question of the day what do you think about the electric car industry do you think this is going to be sustainable or do you think it's just a phase that this is going to probably calm down and people are going to go back to driving their fossil fuel cars let me know in the comment section and if you are new to the channel guys we talk about how to earn money how to save money how to invest and build wealth so if that's something that interests you go ahead and hit that subscribe button and the notification bell so you don't miss out on new content and as always guys stay safe and stay motivated