It’s been a tremendous year for entrepreneur Elon Musk. Of course, he’s the co-founder and CEO of Tesla Motors (TSLA) … and TSLA stock is up a sizzling 320%.
But Elon Musk is also the co-founder and chairman of SolarCity (SCTY). Its gain? Well, SCTY stock is up a bit more: 373%. In all, the combined market cap of Tesla and SolarCity is over $22 billion! Yes, Elon Musk knows how to create value.
But success for both companies was far from guaranteed. With TSLA, there were several points when the auto maker could have imploded, especially during the financial crisis. But Elon Musk is not only super smart, but persistent. Defeat is simply not an option.
Even with SCTY, Elon Musk & Co. have faced challenges. When SolarCity came public a year ago, there was a big cut in the stock price to drum up demand.
As of now, though, SolarCity and Tesla Motors look to be in ideal positions, with both poised to grab a nice chunk of massive market opportunities. But which one — SCTY stock or TSLA stock — is a better investment? Let’s take a look: