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Picking companies with strong fundamentals and an opportunity for long-term growth is key for many investors.
But many investors wonder what stocks to invest in, especially considering the market volatility.
Take Tesla (TSLA), for example.
The stock is down more than 34% this year alone as of April 14.
Nothing has changed within Tesla itself.
Its just these outside forces, human emotions and peoples opinions toward Musk that are subjective.
Teslas current stock price could present a buying opportunity for investors looking to build their retirement portfolios.
Investors should zoom out and focus on the companys fundamentals rather than the short-term market sentiment.
Tesla is a fast mover.
Its a very volatile stock, and its highly likely to continue upward over time, Capablanca explained.
Tesla Is a Growth Stock
Teslas past performance shows how this EV maker can rebound from downturns.
Tesla has seen exponential growth over recent years, said Joe Schmitz, founder ofPeak Retirement Planning.
Tesla is a growth stock, which means it uses its profits to grow, expand and innovate.
Overall, Tesla could prove to be a valuable addition to a retirement portfolio.
I think Tesla is a great buy right now.
Of course, as with any stock, no growth or returns are guaranteed.
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