Tesla Stock Has Soared 562% This Year -- But You Can Still Buy It With $1

It's been a heck of a year for Tesla (NASDAQ: TSLA). The electric vehicle (EV) manufacturer reported four consecutive quarters of profitability for the first time, outperformed analysts' expectations in the third quarter by a long shot, and received the nod for inclusion into the S&P 500. The carmaker also stands to benefit from President-elect Biden's plan to build out EV charging stations and generally promote clean energy in the U.S.

Oh, and Tesla stock was up 562% since Jan. 1 as of the Nov. 24 close, amid a global pandemic no less.

There's good news here for novice investors, though. Even as Tesla's share price climbs above $550, you can still own a piece of the company for just $1. All you need is a brokerage account that supports fractional investing.

Source Fool.com