This story was originally published here.
Earlier this week, Tesla Inc. (Nasdaq: TSLA) CEO Elon Musk became the richest person in the world, passing Amazon CEO Jeff Bezos.
2020 was an amazing year for Musk and his company:
- He was chosen by Fortune as the Businessperson of the Year.
- The company nearly hit its goal of delivering 500,000 vehicles.
- Tesla’s valuation became higher than the nine largest automakers combined.
But things didn’t always look so rosy for Musk.
In 2019, Tesla had fallen 50% from its peak.
Some analysts called for the stock to plunge further. Others even believed the company was headed toward bankruptcy.
Fortunately for subscribers of Automatic Fortunes, Ian King saw things a different way… Story continues here.
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Especially considering how well my previous top stock picks have done.
Those that got in on my top pick of 2019, Tesla, made a 552% gain and then a 919% in just over a year.
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Sincerely,
Ian King
Editor, Banyan Hill Publishing
