5 of the Fastest-Growing Stocks on the Planet

One of the easiest ways to identify winning stocks is to look for companies that are growing their revenue and earnings fast. If you invest at the right time, this strategy is bound to generate handsome returns in the long run. Here are five such growth stocks to consider adding to your portfolio.

Tesla (NASDAQ: TSLA) revolutionized the auto sector with its electric cars. The company made electric vehicles mainstream and forced major automakers to shift toward electrification. Quality electric cars that can go long distances on a single recharge, along with a sufficient network of charging stations, have helped to relieve buyers' concerns of getting stuck with no place to charge a dead battery. These factors, coupled with a reasonable pricing structure, drove the demand for Tesla's cars higher. In five years, Tesla grew its revenue at an average rate of more than 50%.