I have been intrigued by Loup Ventures' recent analysis concluding that returns from tech companies with strong revenue growth -- above 20% annually -- have been more than four times higher over the past five years than tech companies with slower growth. From a basket of 39 leading tech names, Loup identified 14 companies with y/y revenue growth of 20% or more for five years including Tesla, Facebook, Amazon, Netflix and Google, and 25 tech companies with slower growth. The conclusion: "The five-year return for the growth group was 485% vs. the non-growth return of 116%, a more than 4x difference." There's Still No Such Thing as a Value Stock in Tech | Loup Ventures From Loup's list of 14 high-growth tech companies, the chart below shows annualized growth for the top companies over 3, 5 and 8 year periods (since Tesla went public). Can you guess which company stands out from the rest? (Figures are TTM for most recent quarter.) Two highlights: Tesla consistently has been at the top of the chart over 3, 5 and 8 year periods. Tesla's growth has been far greater than other top tech growth companies Over the past 5 years Tesla's growth rate was more than double almost every other company on the list -- including leading growth names such as AMZN, NFLX, GOOG, and NVDA. The only exceptions are FB and TWTR, but they also grew significantly slower than TSLA. IMO, Tesla's unprecedented growth is poised to continue. For example, with the current product pipeline, revenues are in a position to increase another 10X over the next five years (2023). Using Elon/Tesla's estimates where available (700K Model 3/1 million Model Y/100K Semi/100K S/X), and excluding for sake of argument revenues from the Tesla Network, 2023 revenues could look something like this: 700K Model 3 @$45K $31.5B 1M Model Y @$45K $45B 300K pickup @$50K $15B 100K S/X @$100K $10B 100K Semi @$165K $16.5B 200K solar roof @$40K $8B 5K Roadster at $225K $1.1B Storage $6B Total: $133B This would result in a revenue CAGR of 58%, in line with the past 3 and 5 year periods. With Model 3 production at ~5K/week, Tesla is now in a position to be sustainably profitable beginning this quarter or in Q4. This is a potential game changer. Once profitability is here, I believe there is a good chance savvy investors will start filtering out the noise (which is currently at record levels) and recognizing that (1) growth is where the money is in tech; (2) Tesla is a growth juggernaut, and (3) that Tesla's current price does not come close to pricing in its potential. I am looking forward to the next couple years.