Business
The worst mistake Tesla investors can make right now
This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.
Tesla Inc (NASDAQ: TSLA) returned more than 720% for investors in 2020. That’s a huge year by any standard, and holders should be very excited by that performance. However, for many, it creates an allocation problem that requires rebalancing.
As I see it, the worst mistake that Tesla investors can make is to ignore the need to diversify. This suggestion may fall on deaf ears for speculators or Tesla disciples, but it’s a great time to sell a portion of your shares while retaining some for future growth.
The auto-maker grew aggressively in 2020
Tesla was one of the most popular stocks among investors coming into 2020, and…
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