There are several candidates to be among the next trillion dollar companies.
Tesla shocked many investors during the pandemic and trounced short sellers on its path to becoming a trillion dollar company.
The stock has soared by almost 1,000% over the past five years and has gone through multiple stock splits. Tesla had its first annual profit in 2020 and has held onto double-digit profit margins.
Investors who held onto Tesla stock since the pre-pandemic days were rewarded well, but Tesla won’t be the last company to reach the trillion dollar level. Nvidia crossed the mark a few weeks ago, and it won’t be the last either.
These high growth stocks seem poised to reward long-term investors and become the next trillion dollar companies.