Why Romney called Tesla a loser in 2012

In 2012, an aspiring world leader stood on a stage and called Tesla Inc. TSLA, formerly Tesla Motors, a loser.

In his debate with President Barack Obama, Mitt Romney said:

But don t forget, you put $90 billion, like 50 years worth of breaks into solar and wind, to Solyndra and Fisker and Tesla and Ener 1. I had a friend who said you don't just pick the winners and losers, you pick the losers, right? Two of the firms that Romney mentioned, Solyndra and Fisker, went bankrupt, but Tesla stock returned more than 12,000% since Romney disparaged it.

You might say two out of four isn't bad for a prediction. If you had three investments in your portfolio and two went to zero, but the third returned 12,000%, you d probably be happy with that.

The predictions are hard to believe, according to Romney. In 2012, almost no one predicted or anticipated Tesla's rise - or understood that America's solar power industry was about to grow by 2,500%.

The sector has an above-average risk. There's a chance that you'll lose money if you choose to invest a random investment out of three similar opportunities.

If you spread out your capital across an array of promising clean energy firms, while never risking more than you can afford to lose, the results can be transformative.

The high-risk, high-reward approach can be a strong diversification option. With the growing trend of retail investors investing in startup investing, and venture capital hitting record investment volumes in 2021 and early 2022, those benefits are becoming increasingly clear.

This creates an interesting investment opportunity for retail investors to get involved in these high-growth green energy companies on platforms like StartEngine and Wefunder.

YouSolar is looking to overhaul America's power grid with its patented, fully-integrated solar nanogrid technology. It is already known as the PowerBloc in Northern California for its ability to provide uninterrupted solar power for an entire home.

You can see more on Benzinga's investment.