Tesla is Most Popular Automotive Stock Among Millennials
Millennials love buying up Tesla stock.
According to a recent report, Tesla is the sixth most popular stock that millennials age 25-34 purchase, but is the top automotive stock among the age group.
Ranking at the very top for millennials and those over the age of 35 is Apple while Facebook, Bank of America, GE and Berkshire Hathaway round out the top five for stock buyers age 25-34. The report confirms that millennials are far more likely to invest into newer technology and Internet companies while those older than 35 aren’t all that different with GE, Facebook, Microsoft and AT&T rounding out their top five.
Other stocks that interest millennials include Alibaba, Disney, Exxon Mobil and Microsoft, which round out the top 10. For those age 35 and up, Exxon Mobil, Bank of America, Berkshire Hathaway, Intel and Johnson & Johnson are the last five finishers.
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According to TD Ameritrade, its average client holds 10 percent of their equity portfolio in Apple, which has become a sure bet among all ages. The big question is whether Apple will become an automotive-related stock in the coming years, as rumors continue to spread that the tech company is looking into manufacturing its own line of cars.
[Source: CNNMoney]
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Jason Siu began his career in automotive journalism in 2003 with Modified Magazine, a property previously held by VerticalScope. As the West Coast Editor, he played a pivotal role while also extending his expertise to Modified Luxury & Exotics and Modified Mustangs. Beyond his editorial work, Jason authored two notable Cartech books. His tenure at AutoGuide.com saw him immersed in the daily news cycle, yet his passion for hands-on evaluation led him to focus on testing and product reviews, offering well-rounded recommendations to AutoGuide readers. Currently, as the Content Director for VerticalScope, Jason spearheads the content strategy for an array of online publications, a role that has him at the helm of ensuring quality and consistency across the board.
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This is because millennials know nothing about either automobiles or investing ... All they're expert in is social media, shiny electronics and skinny jeans.