Tesla Forecast to Outpace Apple in Growth Due to Booming EV Market Despite Near-Term Headwinds

Apple stock has slowed due to iPhone sales slowing in China, antitrust lawsuit, though new Vision Pro headset offers potential growth. Earnings expected to grow 9% annually.

Tesla facing competition in China EV market and high interest rates, but EV market growing 23% annually and Tesla investing in AI and next-gen manufacturing to boost margins. Earnings forecast to grow 15% annually.

Tesla has more upside potential given higher expected earnings growth and earlier stage of EV adoption curve compared to saturated smartphone market.

Apple still a great business with over 2B active devices and growing services revenue, but smartphone growth slowing globally.

Analysts say Tesla stock could double in next 5 years as EV sales ramp up, making it the better "Magnificent Seven" buy now.