Is Tesla a Millionaire Maker?
Tesla successfully disrupted the auto industry, leading to rapid growth and consistent profits.The stock has been on a tear in recent weeks, which has driven the valuation to nosebleed levels.Lofty expectations leave prospective investors with zero margin of safety.Through the first 10 months of 2024, shares of Tesla were essentially flat despite the extreme volatility they exhibited. That was certainly troubling for investors to see, particularly when you consider that the tech-heavy Nasdaq 100 index was up 18% during that same period of time.But since the presidential election on Nov. 5, Tesla shares have rocketed 77% higher . The booming EV stock now trades just 8% off its all-time record, as it benefits from tremendous momentum.Looking toward the future, let's see if Tesla is a millionaire maker?