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.”
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Source: Fundstrat Capital/YouTube
Lee goes on to
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