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Elon Musks electric car company has been turning heads faster than a Model S in Ludicrous mode.
Here are four reasons Tesla is agood bet for first-time investors and four reasons it might not be.
Elon Musk, Himself
Hodgins gave Musk props for his bold leadership that continues to drive innovation.
In his opinion, Musk knows how to keep himself and his companies in the news.
If this trend continues, it will make Tesla a safe bet for a long time to come.
Youre betting big on innovative future technologies.
Teslas stock price jumps up and down a lot.
This can be a wild ride for new investors, he said.
Is It Really Worth That Much?
Paul Gabrail, the founder and host ofEverything Money, isnt so sure about Teslas price tag.
As he explained, Teslas current valuation seems high compared to its financial metrics.
Big Dreams, But Are They Too Big?
Gabrail also noted that a lot of Teslas value is based on Musks grand visions.
That might be the right move for a seasonedinvestingprofessional but maybe not the best bet for a newbie.
Materazzi suggested looking at index funds.
He said, They mix several stocks together, so they dont fluctuate as much.
confirm youre putting your hard-earned money into stocks that deliver.
Basically, dont invest money you cant afford to lose, unless you enjoy living on the edge.
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