Tesla Stocks and Purchasing it.
Apart from the fact that Elon Musk is the tech and space giant, his stocks are very hot and popular. A lot of people have talked about investing in Tesla stocks, so many have invested and some are still trying to invest in the stocks but the truth is this, people who invested in Tesla’s stocks last year made over 300% in return for their investment (What a good stocks to hold, I think!!).
Tesla isn’t just about building self-driving cars but rather, they have been investing in renewable energy. So when Tesla is producing their cars, they put it into consideration when building their cars that cars can’t keep running on fuel. It isn’t really surprising that Tesla’s stocks has been doing well because the company has been thinking of the future more than currently. The world is gradually moving to electric self-driving car, and Tesla has this covered which is a very good reason to invest. Tesla also moving into Insurance as they started in California but will be expanding to other parts of the country in the nearest country. Tesla is into Energy, working on renewable energy instead of fossil fuel to generate energy for household use.
What do you expect about the stocks of a futuristic company? It is going to keep rising as investors believes in the company and its ability to change the future we are going into. Since Tesla has been dominating the market it currently holds. What a pretty good investment to behold but is it advisable to invest in Tesla Stocks?
First, the stocks are already on the high, which means it is too expensive to be invested in. it looks like it is in it bubble stage coupled with the fact that there is a feared recession outside currently. At this point, people would not be interested in cars because they do not have enough money to buy luxury. For a lot of people, Tesla is luxury and not common so buying luxury during a recession isn’t going to be cool for people.
Tesla is a good stocks but considering the economic crisis, we have to understand that people’s choices will change and necessity will be the most revered thing on their mind and not luxury. You could buy their stocks if you want to but do this with due diligence. My post should not influence your decision to invest or not to invest.
