10 Best Stocks for 2014: #2, Tesla Motors (TSLA)
Investor: Kyle Woodley
YTD Return: +38%
InvestorPlace.com’s Deputy Managing Editor Kyle Woodley is off to a great start with 42% gains in Tesla Motors (TSLA) since Jan. 1.
There are still bears who think TSLA stock is overvalued after gaining more than 300% last year and showing signs of weakness. After all, there’s not much room for error in this electric vehicle manufacturer with all the optimism baked in.
But so far, while TSLA has pulled back in recent weeks, Kyle’s “go big or go home” attitude has paid off.
Tesla stock enjoyed a boost after strong earnings in February, so sentiment could always shift even more negatively if TSLA misses the mark later this year. But with shares up dramatically in the last 18 months, the bears have been burned many times waiting for momentum to fade.