One of the stocks that I get the most questions about is Tesla. I'm not sure whether investor interest is due to the gorgeous lines of the Tesla Model S, its amazing high-performance engine, the high-flying stock, or the energy-saving nature of all-electric vehicles… but Tesla is a very popular subject.
Tesla cars don't just look fast; they are fast! The Tesla Model S can go from 0 to 60 mph in a stunning 5.9 seconds and travel up to an impressive 319 miles on a single charge.
The Tesla Model S is shockingly modestly priced by luxury car standards. The basic model has a MSRP of $69,900, but the price tag can quickly escalate to $100,000 with optional add-ons. Of course, a cheapskate like me would never pay that much for a car—even an electric car—but lots of status-conscious consumers have.
And you won't see me buying Tesla (TSLA) stock either. Even though it's well off of its 52-week high, it's still trading for almost 80 times earnings and 29 times book value.
However, a lot of technology is incorporated into electric vehicles. The most profitable way to invest in electric vehicles is not through Tesla stock, but instead from the industry that makes batteries possible.
I'm talking about lithium, one of the most valuable natural resources of the new electronic world thanks to its unique and extremely valuable characteristics:
