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(Source: TC2000.com)
Tesla and Peloton have little in common, with the latter company being a tech-leisure name and the other being an auto manufacturer with industry-leading self-driving technology. However, both companies have performed exceptionally well since the March 2020 lows, with Peloton gaining more than 400% even after its recent correction and Tesla up a whopping 1100%. At current levels, neither name offers a large enough margin of safety, but with the margin expansion profiles each have, and their strong revenue growth rates (50%+ revenue growth rates), I believe both names are buy-the-dip candidates if we do get a sharp sell-off in the coming months. Let’s dig into Tesla a little closer below:
