My Worst-Performing Stock: A Love Story
Thursday, Dec 12, 2024 6:03 am ET
As an investor, I've had my share of winners and losers. But there's one stock that stands out as my worst performer: Tesla (TSLA). Despite its dismal performance, I still love it. Here's why.
Tesla's stock price has been a rollercoaster ride over the past three years. After reaching an all-time high of $407.34 in September 2021, it plummeted to a low of $101.82 in March 2023. As of December 2024, it's trading at around $150, still far below its peak.
So, why do I still love this stock? First, let's address the elephant in the room: Elon Musk. Love him or hate him, Musk's vision and leadership have driven Tesla's innovation and growth. Despite recent controversies, his long-term strategy remains compelling.
Second, Tesla's competitive advantages are undeniable. Its electric vehicle (EV) technology is superior, with a range of over 300 miles on a single charge. The company's Supercharger network provides unmatched charging convenience, and its Autopilot system is the gold standard for autonomous driving.
Third, Tesla's growth potential is enormous. The global EV market is expected to reach $802.81 billion by 2027, growing at a CAGR of 26.8% from 2020 to 2027. As the market leader, Tesla is well-positioned to capture a significant share of this growth.
Fourth, Tesla's sustainability mission resonates with me. As a company committed to accelerating the world's transition to sustainable energy, Tesla is not just a business; it's a movement. Its mission to reduce greenhouse gas emissions and combat climate change is more important than ever.

In conclusion, while Tesla's stock performance has been disappointing, I remain a loyal investor. The company's innovative technology, competitive advantages, growth potential, and sustainability mission make it a compelling long-term investment. As an investor, I believe in backing visionary companies that are driving change and making a positive impact on the world.
Disclaimer: the above is a summary showing certain market information. AInvest is not responsible for any data errors, omissions or other information that may be displayed incorrectly as the data is derived from a third party source. Communications displaying market prices, data and other information available in this post are meant for informational purposes only and are not intended as an offer or solicitation for the purchase or sale of any security. Please do your own research when investing. All investments involve risk and the past performance of a security, or financial product does not guarantee future results or returns. Keep in mind that while diversification may help spread risk, it does not assure a profit, or protect against loss in a down market.