Millennial Stocks Perfect for Any Age: Tesla (TSLA)
Millennial Stocks Perfect for Any Age: Tesla (TSLA)
Source: Shutterstock
Speaking of Elon Musk, there is perhaps no more aspirational millennial automobile than the all-electric luxury car from Tesla Inc (NASDAQ:TSLA).
Though most millennials aren’t really in a position to spend $100,000 or so on the iconic Model S, soon they won’t have to, as the more affordable, mass-market Model 3 will hit the highways soon.
Now, much has been bandied about regarding Tesla shares. Like millennials, it’s a stock many “old guard” value investing types love to hate. Yet what I think these value players forget is that Tesla the company, as well as TSLA the stock, are still in the early stages of what I think will be a decades-long transformational change in the transportation and power industries.
And, if the Model 3 is as successful as its higher-end Model S has been, then TSLA’s share price today could be looked upon nostalgically as a time when shares were much lower.
