Tesla Started the Ball Rolling and It Could Mean a 9,000% Growth Driver for These 3 Dividend Stocks

Tesla (NASDAQ: TSLA) is a polarizing stock thanks partly to its larger-than-life CEO, Elon Musk. But Musk's theatrical flare literally helped to create the electric vehicle (EV) industry. Now, with almost every major automaker building EVs, there's going to be a secondary growth effect in a sector known for being boring and reliable. Here's what you need to know and why you might want to buy these three dividend stocks.Between 2000 and 2020, demand for electricity was modest, growing only 9%. That's not an annualized figure, it is the growth in demand over that entire 20-year period. There were a number of large and important trends over that period that caused this long lull in demand, most notably being the effort to reduce energy consumption through energy-efficient products. LED light bulbs are the most obvious example for most consumers, but a similar process was taking place throughout the industrial economy as well.Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool