Stocks

2 Stocks That Could Transform $10,000 Into $100,000 by 2035

Published January 4, 2024

For those seeking to grow their wealth, the strategy of investing in stocks with the potential to increase tenfold—known as 10-baggers—is a compelling one. Within this context, two stocks stand out as candidates for turning a $10,000 investment into $100,000 by the year 2035: ABNB and TSLA. Let's delve into the prospects of each company and consider why they may be poised for significant growth over the next decade and beyond.

Airbnb, Inc. ABNB

Airbnb, Inc., known by its ticker ABNB, is a trailblazer in the online marketplace for lodging and tourism experiences. Based out of San Francisco, California, the company has revolutionized the way people travel by offering an array of accommodations from homestays to vacation rentals. The scalability of its platform and the global shift toward more unique, personalized travel experiences suggests a strong growth trajectory for ABNB. With continuous expansion into new markets and innovative offerings, such as 'Experiences', Airbnb is consistently enhancing its ecosystem, potentially leading to substantial returns for investors willing to hold onto their shares for the long term.

Tesla, Inc. TSLA

Tesla, Inc., operating under the ticker TSLA, is an American juggernaut in electric vehicles and clean energy, hailing from Palo Alto, California. TSLA not only produces electric cars but also offers a suite of products and services including battery energy storage, solar panels, and solar roof tiles. In 2020, Tesla dominated the plug-in and battery electric passenger car markets, with notable market shares. As the company scales up production, innovates in autonomous driving technology, and expands its energy business, TSLA has considerable potential for exponential growth. Investors looking to ride the next wave of innovation in sustainable technology might find Tesla's stock a worthwhile addition to their portfolio.

investment, growth, potential