Here is a list of growth stocks to hold for the next 10 years. These stocks could help you achieve the goal of early retirement if you buy and hold them.
1. Tesla (TSLA)
Tesla is my #1 favorite long-term growth stock to hold right now. Tesla CEO Elon Musk has a goal to produce 20 million EVs annually by 2030, which would do wonders for TSLA stock price.
Tesla has an industry-leading operating margin and continues to increase production, deliveries, revenue, and net income year over year. The company produces several electric vehicles such as the Tesla Model 3, its most popular electric car.
Tesla also plans to produce other EVs such as the Tesla Semi and Tesla Cybertruck. Both products will help the company grow revenue and profits. In the long run, Tesla can also grow its solar energy business and sell Tesla robots to its existing customers.
I truly believe Tesla is the best grow stock to hold during this decade and even Elon Musk believes Tesla could be worth more than Apple and Saudi Aramco combined sometime in the future.
2. Chargepoint (CHPT)
Chargepoint is the largest EV charging company in North America and will benefit from a transition from ICE vehicles to EVs. It’s the safest overall EV charging stock to hold for the long term.
3. Coinbase (COIN)
Coinbase is the largest American cryptocurrency exchange with over 104 million verified users. Crypto is the future of finance and COIN stock looks like the safest bet on blockchain and web 3.0 technology.
3. Cloudfare (NET)
Cloudfare is a cloud hosting company that powers a large majority of the internet. Cloudfare’s Enterprise CDN powers this website and more companies will jump on board when they notice the massive site speed and security improvements.
4. Uber (UBER)
Uber is the largest ride sharing and delivery company in America that is a crucial part of the growing gig economy.
5. Beyond Meat (BYND)
Beyond Meat is a plant-based meat company that aims to disrupt the legacy meat and packaging industry. Veganism is becoming more popular as consumers realize that a plant-based diet is much more healthy.