The appeal of growth stocks is that they have the potential for huge returns. Consider the massive rally by Tesla, Inc. (TSLA); in just the past three years, the stock has returned over 1,300% to shareholders.
While many growth stocks have made the transition to dividend stocks in recent years, it is doubtful Tesla will join the ranks of dividend-paying stocks any time soon.
Tesla was founded in 2003 by Elon Musk. The company started out as a fledgling electric car maker but has grown at an extremely high rate in the past several years.