Market volatility should be used by investors to gain positions in fundamentally sound stock investments. Two such names are Tesla (NASDAQ:) and Peloton (NASDAQ:), and they are worth buying on market weakness based on their popularity and product traction.It’s been a strong start to October thus far for the tech sector, with the Nasdaq-100 Index (QQQ) bouncing sharply from its September lows and extending its year-to-date gain to 19% after a brief pullback. This significant outperformance is despite inflation concerns and the possibility of rate hikes as early as 2023, which could make it more difficult to justify the valuations we’re seeing among high-flying growth names. While the overall market is still quite costly, there are two names that remain reasonable valued, provided they continue their growth plans. These two names are Tesla (TSLA) and Peloton (PTON), and while they’re not on buy ratings, they are names worth keeping at the top of one’s shopping list if we do see some turbulence in the market. Let’s take a closer look at both names below:

Source: TC2000.com

Peloton is not the same as Tesla, which is tech-leisure. While the Peloton company has a lot in common with Tesla, the Peloton auto manufacturer uses industry-leading self-driving technologies. Peloton has gained over 400% since March 2020’s lows and Tesla has risen by a remarkable 1100%. At the current level, there’s not enough safety. However, with their respective margin expansion profiles, as well as strong revenue growth rate (50%+), I feel both companies are potential buy-the-dip contenders if there’s a major sell-off. Let’s dig into Tesla a little closer below:

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