For years, Tesla (NASDAQ:TSLA) was synonymous with electric car stocks. While other automobile manufacturers have toyed with electric vehicle technology, arguably none had put as much skin in the game as Elon Musk and company. But with the surge in demand for EVs, we’ve likewise seen a rapid rise in publicly traded corporations specializing in this field. But many are left wondering how to invest for growth in this exciting market without getting burned.
Undoubtedly, growth investing is a pivotal component for shorter-term and longer-term strategies. Even if your goal as a young investor is to facilitate a comfortable retirement, you most likely can’t get there by playing it safe. As with anything in life – whether making a career move or buying a house – you’ve got to take risks. At the same time, you can’t just throw money at every opportunity, especially with highly variable markets