Kevin O'Leary's Son Scored Big on Tesla Stock Tip While Interning There
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Kevin O'Leary's son Trevor suggested investing in Tesla while interning there, delivering 1,000%+ returns over time. O'Leary initially dismissed it as overvalued.
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Trevor saw the value in Tesla's ability to collect fleet data to eventually enable self-driving capabilities.
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As the Tesla fleet expanded, its P/E ratio dropped dramatically, justifying the earlier high valuation.
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Nvidia, Rocket Lab, and NuBank are current growth stocks with high P/E ratios that could be justified over time by rapid expansion.
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Even stocks that look overvalued on paper may deserve a closer look if they have strong growth narratives like Tesla did.