Tesla Stock (TSLA) has become one of the hottest investments around. It’s been on a wild ride over the past few years, and it appears to be headed higher in 2021. But before you rush out and invest in Tesla stock, there are some things you should know. Here are the top 10 secrets about Tesla stock that every investor should keep in mind:
1. Tesla isn’t just an automotive company – it also produces solar panels and energy storage products, operates a network of charging stations, and is even planning to enter the autonomous vehicle market. This diversified business model presents investors with unique opportunities for growth.
2. Elon Musk’s involvement is key. Musk has a history of creating innovative businesses with disruptive technologies, so his presence at Tesla gives investors an edge.
3. The stock is volatile. Tesla stock has seen some wild swings, with the potential for both huge gains and losses. It’s not a stock for the faint of heart.
4. Tesla has a long-term focus. Despite its short-term volatility, the company has a long-term vision that focuses on creating sustainable energy solutions and revolutionizing transportation.
5. There are risks associated with investing in Tesla, including production delays and issues related to customer demand or government regulatory concerns.
6. Tesla’s products have been highly successful so far – it is the leading electric vehicle manufacturer in the world, and its solar products have become popular among homeowners looking to save on energy costs.
7. Tesla’s stock price is heavily influenced by news and speculation – the company has become a media darling, often with stories that can move the stock up or down in an instant.
8. Despite its high-profile nature, Tesla isn’t yet profitable – it hasn’t posted a profit since 2014, although it did report its first quarterly profit in 2020.
9. There are significant tax benefits associated with owning Tesla stock – investors may be eligible for federal and state incentives depending on where they live and how long they have held the stock for.
10. Investing in Tesla is a matter of timing – you need to be ready to buy when the price dips and sell when it rises. While this can be a daunting prospect for some investors, it’s the only way to maximize returns on Tesla stock.
By understanding these secrets about Tesla stock, investors can make more informed decisions and potentially enjoy higher returns on their investments. However, investing in Tesla is not without risk – so be sure to do your own research before diving in.
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