Will The Positive Price Action For Tesla Continue?

Benzinga

Michele 'Mish' Schneider, Chief Strategist at MarketGauge joined Benzinga's Premarket Prep to give her take on what she thinks is next for Tesla stock, TSLA.

Transcript

00:00Mish, what about Tesla here, because we had Tesla pop after earnings last week.

00:05I know this is a stock that you watch, kind of an interesting level here, right around

00:10$270.

00:11Do you think the positive price action for Tesla will continue here?

00:16I do, actually.

00:17I think that Tesla can go to $350.

00:19That's kind of my next major goal here.

00:22Yeah, Tesla, again, it seems to be in its own universe, and it's got a lot of things

00:28going for it.

00:29I mean, certainly the announcement of the lithium mine is good for Tesla, because they

00:34need the batteries.

00:36They are more than just a car company, clearly.

00:39Obviously, the projections that he said was a best guess, Elon, last week about car manufacturing

00:46helps.

00:47I think this is, to me, since this is the granddaddy, you know, like I have my grandpa

00:52in the modern family, but this is the granddaddy of EVs, clean energy, and where we're going

00:58in terms of what we have to do as a global area, you know, and that's really get away

01:04from the tit, if you will, of oil and gas.

01:08I mean, this is definitely where Tesla represents, and I think it's actually a little bit maybe

01:14even undervalued if you're looking at some of the other MAG-7 stocks.

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