Tesla isn’t the only company millennials are betting on

Millennial stock investors have been betting heavily on Tesla (Nasdaq: TSLA) stock, which has been on a record-breaking run over the past two months, however it isn’t the sole company that they’re eager to put money into.

After analyzing more than 734,000 investor portfolios, Apex Clearing reveals TSLA is the next most preferred stock by millennial shareholders, which paths Apple (Nasdaq: AAPL) and Amazon (Nasdaq: AMZN). Other millennial favorites include technician titans Facebook, Microsoft, Netflix, and Alibaba. Astonishingly, Warren Buffet’s Berkshire Hathaway also made the record, joining Advanced Micro Devices, and Disney in the Top 10 most popular stocks one of thirtysomethings.

“From responding to key market movements, showing a keen interest in recent IPOs, and investing according to their worth, millennials have proved to be a special audience differing in their counterparts that are economic,” states Apex CEO Bill Capuzzi in a media release.

Top 10 Most Popular Stocks Among Millenials

Apple
Amazon
Tesla
Facebook
Microsoft
Berkshire Hathaway
Walt Disney
Netflix
Advanced Micro Devices
Alibaba

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Tesla’s prevalence with Generation Y shareholders isn’t even astonishing, considering Elon Musk’s influence with the younger audience. Forbes contributor Deep Patel features Musk’so appeal to millennials to a couple things.

Tesla CEO Elon Musk isn’t even your routine CEO. With a revolutionary vision to transition away the world in a Earth-destroying fossil fuel dependence to making a “backup program for humans“, the Cyberpunk and video-game obsessed CEO is a certain hit with thirtysomethings.

Musk is based about a mission and his new approach is exactly what appeals to millennials so much.

Also, Musk isn’t afraid to be where the younger crowd hangs out, chatting it up with his fans and fans that could be about the most mundane things, such as his appreciation for chairs. This provides him a side,  one with comedy that allows investors and customers to relate to and connect with him on a deeper, more personal level.

Chairs are underappreciated

— Elon Musk (@elonmusk) January 28, 2020

It appears the millennial taste for Musk and Tesla stock is paying . Just a week, Tesla hit a record high as its stock crossed $555, forcing the organization ’s market valuation to become the second most valuable automaker on earth . Already the US car maker, doubling past Ford’s record-setting $81 billion in 1991, several expect Tesla’s future to overtake Toyota as the automobile company that is most valuable. Ever.

The historic conduct follows a succession of successes for Tesla, for instance, first mass delivery of its Made-in-China Model 3, the statement of Gigafactory Berlin, along with a 50 percent rise in deliveries in 2019.

Rest assure that shareholders, both young and old, will be looking forward to tomorrow’s Tesla earnings call wherein Musk is forecast to earn several surprise announcements.

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