Congratulations to Mackenzie Leach who won the InvestWrite Essay Contest. Her essay won 1st place in Massachusetts and 8th in the United States! She wrote about why Tesla Motors is a good company to invest in. She also carries on the family winning streak, since her brother Keegan won two years ago.
Here is Macknezie's essay:
Tesla Motors Incorporated is a very high end car manufacturing company (ticker symbol: TSLA). Cars made by Tesla are only electrically powered. This is great for the United States as a whole. For example, having electric powered cars is great for the environment and economy. Electrically powered cars decrease the amount of pollution in the United States and this protects animals and our environment. For people that invest in Tesla, as the stock price goes up, it increases their chance to retire earlier. For people that work for Tesla, when Tesla does well, they are able to keep a steady income, which is good for their family and community. It is clear that Tesla is helpful for our economy.
Tesla cars are made in the United States (Fremont, California), and this increases job opportunities for Americans. Although you may not live in or near California it can still help you out, because if California does well the rest of the U.S. does well. This is because if Californian’s do well, they buy products in other parts of the U.S.
Tesla cars are also very safe; they have the highest safety rating in America. They have performed very well in numerous crash tests. This can help our society by keeping drivers and their families safe.
One reason Tesla Motors is so successful is because they have an exceptional leader. His name is Elon Musk. Some people say he is brilliant or a genius. After I bought this stock, I learned a lot more about this company and its leader Elon Musk. This made me feel secure about holding this stock in my portfolio.
The real reason why I bought Tesla is because I thought it was a great foundation stock for my portfolio. Tesla is a pretty consistent stock and grows a lot. Although Tesla is expensive, I do not mind because the outlook is so strong. One reason the outlook is so strong is because they have great reviews. Another reason the outlook is so strong is because they have lots of new products coming out, such as a new car.
Sales have grown tremendously for Tesla in the course of the last few years. In 2012 they were not even in the millions, in 2013 they were around two million. In the last year they were at 3,198,356, and are expected to grow even more throughout this year.
Tesla is a high performing stock. Over the course of the last three years it has had some ups and downs. Tesla was selling at a low point of $37.23 a share on March 25, 2012. On July 20, 2015, Tesla hit an all-time high of $282.26. The low point this year was $185.00 on March 27, 2015. That is approximately 757.95% higher than its low in 2012. The 2015 high of $282.26 is approximately 52.6% higher than the 2015 low. Tesla is very good for investors that have held the stock in their portfolio over the past three years.
Overall Tesla would be a great stock to invest in long term. It has very high growth opportunities, and since the cars are electrically powered it is great for the environment. Another reason Tesla Motors would be a great stock to invest in is because the leadership is exceptional. Elon Musk has great ideas that lead to great products, which eventually turn into a great investment.
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