Tesla Stock Is a Screaming Buy
By Jim Woods
Editor-at-Large, The Wealth Shield
Tesla stock has been one of the best performers in the market over the past several years, with TSLA soaring over 700% since the company went public in June 2010. But should you buy Tesla stock heading into the new year? Hell yes! Three quick reasons why:
Tesla earnings.Third-quarter Tesla earnings report showed non-GAAP EPS of 12 cents, firmly above consensus. Gross margins also were strong for TSLA, coming in at 21.5% (excluding zero emission vehicle credits). That metric was a big jump from the 14% gross margin number last quarter. If TSLA can continue delivering earnings beats, it will be a bullish foundation for Tesla stock.
Genius factor. Part of the reason why Tesla stock has been such a winner is the confidence in its genius CEO Elon Musk. The billionaire isn’t your average make-the-trains-run-on-time CEO. Elon Musk is an entrepreneur dedicated to changing the way society does things … a rare individual that creates massive wealth through a genius idea and the ability to make that idea a reality.
Potential. As a car guy, and as someone who has had the pleasure of driving a Tesla, I can unequivocally say that this vehicle is stunning in both appearance and performance … and really is in a class by itself. So if you’re someone who likes to invest in companies with massive growth potential, and not someone who merely likes to trade ticker symbols, you want to snag this game-changing company.