Another big name in the market has decided to make its stock more accessible to the everyday investor.
And that big name is none other than Tesla.
Tesla has indeed had an impressive run. Despite many analysts calling for its downfall, the electric car stock has continued to thrive, hit new all-time highs, and continues to climb daily. In fact, shares have more than quadrupled since March – closing above $1,600 at one point.
The company has been a favorite stock for day traders as well as for some retail traders for a while. For instance, just last month, Robinhood disclosed that almost 40,000 active account holders had added shares of the carmaker in a four-hour time frame.
And it’s not just Tesla that’s enjoying this surge. Investors are getting more and more interested in the electric car industry. But Tesla is the only company in the sector that’s on the S&P 500′s radar, with many hoping it’ll soon be added to the coveted list. If this happens, it’ll make Tesla a “must buy” for mutual and exchange-traded funds that track the index.
So here’s how we can get in on the moneymaking fun – and only pay one-fifth of Tesla’s cost today… Full Story
The post How to Get Your Hands on the Market’s Hottest Stock for 1/5 of the Price appeared first on Money Morning – We Make Investing Profitable.
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