10 Best Stocks for 2014: Tesla Motors (TSLA)
Investor: Kyle Woodley
I know what you’re thinking: Tesla Motors (TSLA) gained over 300% in 2013 … yet Kyle Woodley picked it for his 10 Best Stocks for 2014 entry?
The answer is yes.
And Woodley isn’t just trying to make a splash with a ballsy pick; he put his money where his mouth is, and is currently long TSLA stock.
Why is Woodley so convinced that Tesla stock will make him a nice buck and win the 10 Best Stocks for 2014 contest? Well, he laid out three simple reasons recently: Tesla CEO Elon Musk is a freakin’ genius, the Tesla Model S is freakin’ sweet, and the company still has room to post more eye-popping growth.
Of course, Woodley also noted that any sign of a formidable headwind could send TSLA stock falling fast … and subsequently send him free-falling down the 10 Best Stocks for 2014 leaderboard. But a “go big or go home” attitude is often necessary to make it to the No. 1 spot … and a flyer on TSLA just might pay off in the new year.