At ETF PM, we are issuing a maximum position buy alert on Tesla (TSLA). This means that our initial target allocation ranges from 3% to 10% in our moderate to aggressive growth portfolios.
Back in 2013, we realized that Elon Musk was the “world’s top genius,” and in 2017, we called Tesla the “next Apple.” In fact, this article is our twenty-first blog on Tesla during the past six years (see prior blogs below).
Autonomous vehicles require bandwidth, and the leading global provider could have an extraordinary competitive advantage over a wide range of industries and applications. Over the next 20 years, we believe that Tesla may become the largest public company in the world, partially because of advancements in the satellite industry by Musk’s side hustle, SpaceX.
SpaceX appears to be leading the race to develop a “megaconstellation” of thousands of satellites to revolutionize broadband connectivity globally. Given the integration of Musk’s wide range of business operations, and their extraordinary rate of innovation, we believe investors in Tesla will continue to be very well rewarded.
Gifts That Keep Giving
When you are looking for an aggressive growth stock you can buy-and-hold long-term, or outrageous gifts that keep giving, be sure to include shares of Tesla!
Prior TSLA blogs: