Forget Tesla: I Think This Stock Should Replace It in the "Magnificent Seven"

Thanks to its monumental growth over the years, (NASDAQ: TSLA) has become one of Wall Street's top performers. Shares of the electric vehicle (EV) business have soared a jaw-dropping 1,300% just in the last decade, easily outpacing the broader Nasdaq Composite index.

But the last couple of years have been difficult, as Tesla currently sits 58% below its peak price. The company is facing troubles that shareholders never thought would happen, and the financials are taking a hit.

I think investors should forget about this top EV stock. Instead, there's another booming business that deserves to replace Tesla in the "Magnificent Seven."

Source Fool.com