To be classified as a growth stock, a company should be developing new products or services that help it gain share in existing markets, enter new markets, or create entirely new ones. These characteristics often lead to increased earnings growth rates, providing investors a path to generate substantial returns over the long term as products and markets evolve.

There are plenty of growth stocks out there today, but only some have as clear of a path to long-term success as Coinbase Global (NASDAQ: COIN) and Tesla (NASDAQ: TSLA). With their embrace of innovation and expanding business models, the future is bright for these two companies. Let's dive deeper to see why Tesla and Coinbase should belong in every growth investor's portfolio.

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Source Fool.com