10 Best Stocks for 2014: Tesla Motors (TSLA)
Investor: Kyle Woodley
YTD Return: +17%
Contest first-timer Kyle Woodley isn’t just off to a stellar start, but he’s waving to all the haters from his first-place perch. Considering Tesla Motors (TSLA) gained more than 300% last year, plenty of folks had to be scratching their heads at his ballsy momentum pick.
So far though, the “go big or go home” attitude has paid off. Tesla stock raced out to an early and impressive lead, posting a 17% year-to-date return even as the markets bled red.
Of course, as we mentioned at the start of this recap, the 10 Best Stocks for 2014 contest is a marathon … not a sprint. While Tesla stock has maintained a breakneck pace during the first leg of the race, there’s still plenty of time for it to run out of gas. Or crash and burn like a Model S. Or whatever car pun you want to use for “the higher you climb, the further you fall.”
It’s still early in our 10 Best Stocks for 2014 showdown … and there’s plenty of time for TSLA haters to be proven right.
As of this writing, Alyssa Oursler did not hold a position in any of the aforementioned securities.