Investors frequently miss out on the best of opportunities because they think a stock is overvalued. The truth is, as long as a company has high rates of growth that it can sustain over a lengthy period, its potential is nearly limitless.
Two exceptional growth stocks in this category,Tesla(NASDAQ:TSLA) andJushi Holdings (OTC:JUSHF), are already up 396% and 611% over the trailing 12 months, respectively. Let's see what will push them ahead.
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When it comes to owning an electric vehicles (EV), affordability and convenience are two top requirements that come to mind. According to surveys, consumers want to buy an electric car that costs less than $36,000, has a minimum range of 291 miles, and a maximum of 31 minute recharge time. At the moment, Tesla's Model 3 is the only EV that could almost accomplish the three demands, beating both the Nissan Leaf and the Chevrolet Volt.
On top of that, the Model 3 offers full-self driving and it saves owners more than 50% in fuel costs per year versus cars that run on gas. Governments also hand out substantial incentive to individualsto buy EVs, with total credits amounting to over $10,000 applied to the purchase price depending on the jurisdiction.