Ignore Tesla: Here Are 3 Better Stocks
This year has been a wild ride for Tesla (NASDAQ: TSLA) shareholders. The company hit its much-anticipated fourth consecutive quarter of profitability and announced a much-ballyhooed 5-for-1 stock split. Shares have gained more than 400% so far this year, but a look under the hood suggests there's still a long drive ahead.
Revenue of $6.04 billion in the second quarter of 2020 declined 5% year over year, and it was sales of government-issued energy credits for producing zero-emission vehicles -- which amounted to $428 million -- that provided all the profits for the second quarter.
Don't get me wrong: I'm a happy Tesla shareholder, but I also recognize that the risky company -- along with its outspoken founder, Elon Musk -- might not be everyone's cup of tea. Given the relatively low bar set by its financial performance, there are plenty of other stocks out there with revenue that is growing much faster than the electric-vehicle maker's, while also offering fantastic long-term opportunities. Here are three worth considering.
Source Fool.com
