These 2 Industrial Giants Have Crushed Tesla's Returns Over the Last 12 Months. Will The Party Continue?
Tesla's stock has gone up 14% over the past year, which is pretty good, but it still pales in comparison to Cat and GE Vernova.
Overview
Tesla (NASDAQ: TSLA) is still one of the most important automakers in the world, even though investors are currently focused on Elon Musk's other public company, Space Exploration and Technologies Corp (NASDAQ: SPCX). That said, Tesla's stock has been holding up fairly well over the past year, rising around 17% as of this writing, just shy of the 18% gain for the S&P 500 index (SNPINDEX: ^GSPC).
Most investors expect the market to return 10% a year, on average, so it is hard to complain about 17%. Still, GE Vernova's (NYSE: GEV) stock price has doubled over the past 12 months as of this writing. And Caterpillar (NYSE: CAT) shares have risen by more than 150%. Can these two industrial giants, which aren't nearly as headline-grabbing as Tesla, keep up the outperformance?
Image source: Getty Images.
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Originally published at www.fool.com.