Long-term investing is the key to sustainable returns in the stock market. While short term strategies are tempting, they can expose your portfolio to volatility and costs associated with bid-ask spreads. Holding for the long haul helps smooth out these challenges, giving you time for a company's fundamental value to shine through.

Let's discuss why investors should take a long-term perspective on Tesla (NASDAQ: TSLA) as it navigates through an uncertain economic environment in the electric car industry. 

According to projections from Goldman Sachs, electric vehicles (EVs) will make up a whopping 61% of global car sales by 2040 as technological improvements and government support boost the industry.

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Source Fool.com