Is Tesla a Millionaire Maker?
Most investors wouldn't be surprised to know that (NASDAQ: TSLA) is one of the best-performing stocks in the last decade -- it has skyrocketed 1,376% as of Feb. 19. This means a $70,000 investment in Tesla 10 years ago would be worth a cool $1 million today. This gain crushes what you would've earned putting money in an S 500 index fund.
Tesla shares have taken a breather recently, currently sitting 51% below their peak price. But as we look out over the next decade, can this top electric vehicle (EV) stock make you a millionaire? Here's what you need to know about Tesla.
This business deserves a ton of credit for how it completely changed the global automotive industry. Of course, the climate crisis was a key driving force behind the need to bring about electric cars. But until Tesla released the Model S in 2012, there wasn't a truly successful EV that hit the market and had broad appeal from consumers.
Source Fool.com
Tesla Inc Stock
Our community is currently high on Tesla Inc with 104 Buy predictions and 38 Sell predictions.
With a target price of 410 € there is a positive potential of 44.26% for Tesla Inc compared to the current price of 284.2 €.
