In: Finance
Ans. Tesla and Apple both are big brand companies. These both companies are leading their industries by introducing technological advancement like never before. Both companies are leaded by brilliant minds who were founder of same.
When it comes to choose any one company then we need to check their stock performance
Market cap of Apple crosses $1.3 trillion in 2019 which is similar to market cap of entire Australian market of around $1.4 trillion. Apple is founded in the year 1976. Apple's success mostly because of IPhone's success. Apple is into diversified products and planning to introduce many more products like Apple TV, Apple News+ etc to keep enjoying its dominance. Apple rose 77% in 2019 and that is because of iPhone success.
Tesla is unable to capture such a high market cap and able to capture around $135 billion only. It is also true that Tesla is founded 27 years later than Apple. It is founded in the year 2003. The goals and plans of Tesla is incredible. It is believed that Tesla's alternative energy will do something extraordinary. Tesla increased 200% since Feb 2020.
It is advised that both shares are good for long term investment but Tesla is preferred more because it can come up with products doing transition in renewable energy. It is expected when Tesla will introduce affordable card that time it's stock with boom the market. Tesla's price may get corrected over the time as the short selling is around 20%.
For short term buy it is advised to buy apple as it is developing products more faster which is meeting needs to its customers. Traders are not short selling even 1% of apple's stock. So it is more advisable to take it for short term investment.