The appeal of growth stocks is that they have the potential for huge returns.
Consider the massive rally by Tesla, Inc. (TSLA); in just the past three years, the stock has returned over 1,300% to shareholders.
The appeal of growth stocks is that they have the potential for huge returns.
Consider the massive rally by Tesla, Inc. (TSLA); in just the past three years, the stock has returned over 1,300% to shareholders.
Tesla was founded in 2003 by Elon Musk. The company started out as a fledgling electric car maker but has grown at an extremely high rate in the past several years.
Amazingly, Tesla’s current market capitalization is more than seven times the combined market caps of auto industry peers Ford Motor (F) and General Motors (GM).