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Five companies with the Midas Touch

Tesla

Electric automaker Tesla (TSLA) is a tough stock to get behind at this point. The company did manage to turn a profit during one quarter last year, but that has not been the case the last two quarters. Despite the company’s losses, Wall Street remains very bullish on the stock, which is currently trading at record levels, and showing no signs of slowing down. Tesla proved that a company can make a profit on electric cars, and build electric cars that are exciting, and have the potential to go mainstream. Tesla is getting ready to launch its affordable Tesla 3, for which it has already received over 400,000 pre-orders. The car will get over 215 miles per charge, and will go 0 to 60 in just 5.6 seconds. The company has The Midas Touch in building electric cars, and if it can manage to start mass producing affordable batteries the sky is the limit for the company.

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Chart courtesy of www.stockcharts.com

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Michael Fowlkes

Michael Fowlkes is a financial writer who has been with the Fresh Brewed Media family since 2004. Over the course of his tenure with Fresh Brewed Media, he has worn many hats, including portfolio manager, options analyst, and writer. Michael received his undergraduate degree from Virginia Tech in Accounting and got his start in finance working as a stock trader for six years at Chase Investment Counsel in Charlottesville, Va.