Tesla Is Just a Car Company, and It's Time Wall Street Valued It as Such

There are few constants on Wall Street. But one thing investors can always count on is a next-big-thing trend demanding attention. For much of the past half-decade, electric vehicles (EVs) have ranked high on the list of game-changing innovations.

Although estimates vary wildly, as you'd expect from any industry-changing technology, Fortune Business Insights has penciled in a nearly 18% compound annual growth rate for the worldwide EV market through 2030. By the turn of the decade, we could be talking about nearly $1.6 trillion in annual sales.

At the moment, North American EV leader (NASDAQ: TSLA) is leading the charge (pardon the necessary pun). Led by outspoken CEO Elon Musk, Tesla has introduced five mass-produced models (3, S, Y, X, and Cybertruck), and spread its wings into energy, storage, and various services, including its Supercharger network.

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Source Fool.com