5 Best Growth Stocks to Buy and Hold for the Long Term

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1. Tesla Inc. (NASDAQ:TSLA)

Tesla Inc. (NASDAQ:TSLA) ranks among the best growth stocks to buy and hold for the long term. On March 4, BofA Securities began coverage of Tesla Inc. (NASDAQ:TSLA) with a Buy rating and a $460 price target. According to the firm, Tesla Inc. (NASDAQ:TSLA) is “at the forefront of autonomous driving,” thanks to a camera-only method that is “technically harder but much cheaper” compared to the multi-sensor systems commonly utilized in the sector.

BofA stated that robotaxis are currently operational in San Francisco and Austin, with seven other markets planned in the first half of 2026. The firm claims that robotaxis account for approximately 52% of Tesla’s worth.

Moreover, the firm valued Tesla’s Optimus humanoid division at more than $30 billion, accounting for 2% of the company’s $1.47 trillion market capitalization. BofA states that the humanoid robot has the capacity to replace some of the approximately 13 million manufacturing positions in the United States, with eventual adoption in households.

Tesla Inc. (NASDAQ:TSLA) designs, develops, manufactures, leases, and sells EVs, and energy generation and storage systems in the US, China, and internationally through two segments: Automotive and Energy Generation & Storage.

While we acknowledge the potential of TSLA to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than TSLA and that has 100x upside potential, check out our report about this cheapest AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

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