About to invest in Tesla? Consider this battery stock instead

This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.

Once the stuff of futuristic movies, the electrification of the automobile industry seems all but inevitable today. While Tesla Inc (NASDAQ: TSLA) receives most of the attention from analysts and investors, there seems to be a new headline every day about an automaker touting its upcoming electric vehicle, or EV. Investors wishing to participate in this new ‘gold-rush’ may be forgiven for hesitating to pick winners from losers from the vast offering at hand. One way to participate in this trend may be to invest instead in the companies making ‘picks and shovels’ rather than in the ‘gold prospectors’ themselves.

The one…