Why This Pricey Growth Stock Is a Smart Buy

Tesla (NASDAQ: TSLA) is one of the more controversial stocks currently trading on the market. From devoted fans to dedicated critics, the company inspires a wide range of emotions, and that's understandable. At its current market cap of $716 billion, it's worth more than the next six international automakers combined. And the stock trades at a pricey 20.5 times sales.

However, I think many investors underestimate Tesla's full potential. Here are three reasons this stock is still a smart buy.

Image source: Tesla.

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Source Fool.com