Forget Tesla! Intuitive Surgical Is a Better Growth Stock

Electric vehicle pioneer Tesla (NASDAQ: TSLA) is attempting to revolutionize the automobile industry, and with visionary CEO Elon Musk at the helm, it looks to have a bright future in a fast-growing market. Knowing this, investors have bid up Tesla's shares to the tune of 787% in the past year. The S&P 500 has risen by a comparatively meager 18% in the same period. The downside to Tesla's stellar gains, though, is that its stock now looks overvalued.

The company is trading at 1,130 times past and 232 times future earnings, and boasts a market cap of about $405 billion. At those levels, many years of success are already factored into Tesla's share price. As such, investors today might be better served to look elsewhere for growth stocks. One in particular that is worth your attention is Intuitive Surgical (NASDAQ: ISRG). Here's why the healthcare giant is a better growth buy than Tesla right now.