If you are a speculator (not an investor, but a speculator) now is a great time to buy Tesla! Tesla is down about 25% in the last 3-months as demand for the stock has waned since the recent release of the much anticipated Model X SUV.
We did a top to bottom review of Tesla, and the bottom line is that if the company achieves its growth goals then it is easily worth more than five times its current stock price, but if it doesn't then it could end up being worth very little.
We don't own shares of Tesla as we prefer long-term investing instead of long-term speculating. But if you do enjoy a little speculation, now is a great time to buy. Tesla has a lot more upside potential (it could gain $1,000 per share in the next 5 years) than downside potential (the price is currently $211.72 and it can't fall below zero!).
It'll be truly amazing if Tesla does achieve its goals of selling 500,000+ vehicles per year, revolutionizing the energy industry with Tesla Energy, and creating a driverless vehicle that will compete with Uber!
And if you are curious about what stocks we actually do own, check out Blue Harbinger Stocks.