Zoom Stock Is the Tesla of Video Communications
In 2019, Zoom Video Communications (NASDAQ: ZM) went public. In its prospectus, it listed its total addressable market (TAM) as $43 billion by 2022. Just over one year later, shares are up more than four times in value, and the company's market capitalization is over $46 billion.
The quick rise defies all valuation logic, making Zoom a polarizing stock. And it's not unlike another name evoking strong reactions from investors: Tesla (NASDAQ: TSLA). These two businesses' operations couldn't be more different, but I think their stories are similar, and that's why I say Zoom stock is the Tesla of video communications. Here are three specific reasons why.
Image source: Zoom Video Communications.
Source Fool.com
