Investor Tom Lee Says Trump-Elon Feud Doesn’t Change ‘Unmatched’ Advantages of Tesla Stock (TSLA) – Here’s His Outlook

Investor Tom Lee Says Trump-Elon Feud Doesn’t Change ‘Unmatched’ Advantages of Tesla Stock (TSLA) – Here’s His Outlook


Fundstrat head of research Tom Lee says he’s still bullish on Tesla (TSLA) despite the recent feud between billionaire Elon Musk and President Trump.

In a new video update, Lee shares a long-term chart for TSLA, which suggests that even after its 40% drop from all-time highs, the stock’s price is simply retouching a support level from previous years.

“Tesla investors are used to this. If you take a step back and look at Tesla from its 2010 to now, when it went from $1 to $280 today, that decline that we’re seeing recently really looks like it’s just coming back to support, so I don’t think the long-term picture really has changed all that much for Tesla.”

Trending: President Trump Slips While Walking Up Stairs Of Air Force One

Source: Fundstrat Capital/YouTube

Lee goes on to

Continue reading


 

Join the conversation!

Please share your thoughts about this article below. We value your opinions, and would love to see you add to the discussion!