Tesla Motors Inc (TSLA): Jaw-Dropping Reasons Why It Will Go Higher

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3. Visionary leadership at its best

Thanks to Apple Inc. (NASDAQ:AAPL)‘s Steve Jobs, the world has seen what visionary leadership can do for a company. Tesla’s CEO Elon Musk is no exception. Musk has a proven track record of success, including co-founding PayPal, which, in 2002, was purchased by eBay Inc (NASDAQ:EBAY) for a cool $1.5 billion. More recently, Musk made history when his company SpaceX launched the first commercial spacecraft to reach the International Space Station. Not to mention, SpaceX locked down a $1.6 billion contract with NASA, in the process.

While transforming U.S. space travel is certainly remarkable, what Musk has achieved with Tesla is equally impressive. With Musk at the helm, Tesla Motors Inc (NASDAQ:TSLA) has overcome insurmountable odds as a start-up electric car company trying to succeed in an industry where economies of scale favor the traditional automakers. If history is any indication, Musk knows how to build and run a successful business.

It isn’t everyday that you find CEOs, such as Jobs or Musk, with the vision to revolutionize entire industries. For this reason, I plan to own Tesla stock well into the future, and certainly for as long as Musk remains at the top. Patient investors should buy Tesla stock while they still can, as I suspect this is just the beginning of a very promising growth story.

The article 3 Reasons Tesla Stock Will Hit a New High in 2013 originally appeared on Fool.com.

Fool contributor Tamara Rutter owns shares of Apple and Tesla Motors. The Motley Fool recommends Apple, Ford, General Motors, and Tesla Motors. The Motley Fool owns shares of Apple, Ford, and Tesla Motors.

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