Should You Buy Tesla Stock With $1,000 and Hold for 20 Years?
Despite how volatile it has been along the way, it's impossible to deny Tesla's (NASDAQ: TSLA) long-term share price performance. Over the past decade, the stock has rocketed 1,790% higher. A $1,000 investment made in May 2015 would be worth $18,910 today.Thanks to its success in the auto industry, Tesla has become one of the most valuable businesses in the world. But the electric vehicle (EV) stock is now 38% below its peak -- a tumble that might have some investors wondering whether this is an opportunity to buy the dip.Should you allocate $1,000 to Tesla shares today and hold them for the next 20 years?Continue reading
Despite how volatile it has been along the way, it's impossible to deny Tesla's (NASDAQ: TSLA) long-term share price performance. Over the past decade, the stock has rocketed 1,790% higher. A $1,000 investment made in May 2015 would be worth $18,910 today.
Thanks to its success in the auto industry, Tesla has become one of the most valuable businesses in the world. But the electric vehicle (EV) stock is now 38% below its peak -- a tumble that might have some investors wondering whether this is an opportunity to buy the dip.
Should you allocate $1,000 to Tesla shares today and hold them for the next 20 years?
