Elon has his fans and his haters. So does Tesla. It comes with the territory of being one of the hottest and most talked-about stocks.
But Tesla is the future. I think it could potentially be one of the greatest things to happen to your portfolio or retirement account.
Let me show you why.
First, it recently inked a deal with rental car company Hertz to sell them 100,000 Teslas.
This continues the trend of various businesses and organizations phasing out gas engines in favor of electric motors.
According to Reuters: When the Hertz news broke, Tesla shares soared…
And the company entered the exclusive $1 trillion market cap club — sharing membership with an elite few companies like Amazon, Apple, Google, Facebook, and Microsoft. It’s now the world’s most valuable automaker, putting it well on its way to dominating the industry as Elon hopes to.
That’s not all, though. Tesla got there faster than all of those $1 trillion tech companies.
And now, I want to show you two sets of charts you never saw coming.
First one:
Notice how they look similar?
Tesla could be ahead of Bitcoin’s price. Whatever Tesla price does, Bitcoin could do. No one saw that coming.
In fact, a Crypto Potato I recently read stated that Tesla may even start accepting Bitcoin again.
A recent Tesla filing reported that the “fair market value” of Tesla’s digital asset holdings was $1.83 billion on September 30. They also said:
“We believe in the long-term potential of digital assets both as an investment and also as a liquid alternative to cash.”
But why is this all important?
That, my friend, brings us to the 2nd set of charts:
What’s the difference here?
One’s worth $440,000/share (Berkshire), making it pretty inaccessible for the average investor.
Meanwhile, Tesla’s only around $1,000.
Now consider this:
Berkshire was $8,226 in 1991. 30 years later, it’s $440,000. That’s 53x in 3 decades.
But Berkshire’s time is gone. Tesla’s the future. It’ll have more day-to-day impact on our lives than Warren Buffett’s brainchild.
And imagine if Tesla did the same thing as Berkshire in terms of returns? What if you turned your 1 $1,000 Tesla share into $53,000? A lot easier for that to happen than for Bitcoin to climb to $3.3 million/coin.
Not to mention that, again, Tesla is making the future of cars and batteries. Bitcoin is just a line of code.
FYI:
So with all that Tesla stuff in mind, let me show you why Tesla could potentially double your account:
Someone’s betting Tesla could hit $2,050. If you buy the stock now, around $1,000, that could double your money (by conservative estimates) in only 27 months if things go right.
People wait many more years for that to happen. Just imagine having a retirement account twice the size by early 2024. That’s not a long wait to double your money!
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