Tesla is revolutionizing the auto industry, and buying shares of stock now is a smart investment.

Tesla has been on my radar for some time now, and I believe it has the ability to become a dominant player in the rapidly growing electric, driverless, automobile industry within the next three to five years.

Tesla’s CEO, Elon Musk, is a visionary similar to Steve Jobs. He dreams of completely revolutionizing the transportation industry.

Tesla’s most recently announced model, the Model-3, presents the firm’s greatest growth potential ever.

The Model-3 is expected to cost around $30,000 and will rival competitor vehicles such as the Toyota Prius and the Chevy Volt. If designed, marketed, and priced appropriately, it has the potential to decimate the competition.

Furthermore, with the completion of Tesla’s “Gigafactory” towards the end of 2016, Tesla has the potential to reduce the cost of the lithium ion batteries (that power its cars) by up to 40 percent.

Furthermore, as Tesla continues to develop new battery technologies, along with a partnership from a newly acquired Solar City, Tesla may be able to change the way in which the world is powered.

However, Tesla is a very risky investment. Tesla has consistently posted quarter/quarter losses and is burning through cash fast.

If the company fails to meet its production schedule of the Model-3, Tesla could become insolvent, and if it can no longer make its debt payments, it could go bankrupt.

Musk is very determined to succeed, but at times he falls short of expectations and overlooks the financial needs of the company. For example, many Tesla shareholders perceived the acquisition of Solar City as foolish and expensive.

Nevertheless, Tesla has the potential to change the world or go bankrupt. If it can reach sales and production targets in both 2016 and 2017 and turn a profit, Tesla’s growth is endless.

Given the overwhelming potential, buying shares of Tesla now could become the investment of a lifetime.