In today's first round matchup of The Motley Fool Better-Buy Tournament, Tesla Motors squares off against CalAmp in a battle to determine which stock is the better buy now. The 64-company tournament pits two Motley Fool analysts against each other as they make the case for their stocks, with the winner determined by you, the readers.
Tesla Motors (NASDAQ:TSLA) is riding in the fast lane, according to Motley Fool analyst Simon Erickson. The company sold more than 22,000 vehicles last year, and its Model S is now North America's best-selling vehicle in its class. The company is continuing its full-throttle growth: CEO Elon Musk recently announced plans to build a "gigafactory" that would manufacture lithium-ion batteries at a massive scale. This development could unlock a ton of opportunities and change the whole game for Tesla. Within a decade, will we still refer to it as a car company?
Motley Fool tech analyst Jamal Carnette argues that CalAmp (NASDAQ:CAMP) should to move into the next round because it provides a key role in the next big thing: the Internet of Things. Simply put, the Internet of Things is connected devices -- everywhere. A recent report from Cisco projects 50 billion connected devices by 2018. If you want to profit from the next big thing, CalAmp is your choice to advance.
Watch these analysts square off in the video below and then vote for a winner. Then check out the other companies in the Motley Fool Better-Buy Bracket.
This year's winning stock?
There's a huge difference between a good stock and a stock that can make you rich. The Motley Fool's chief investment officer has selected his No. 1 stock for 2014, and it's one of those stocks that could make you rich. You can find out which stock it is in the special free report "The Motley Fool's Top Stock for 2014." Just click here to access the report and find out the name of this under-the-radar company.
Cast your vote in the poll below the video!
Jamal Carnette owns shares of CALAMP CORP.. Simon Erickson has the following options: short June 2014 $25 puts on CALAMP CORP.. The Motley Fool recommends Tesla Motors. The Motley Fool owns shares of Tesla Motors. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.