Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Tesla Motors Inc. (TSLA) Headed For $180 Mark: CNBC Fast Money Crew

Tesla Motors Inc. (NASDAQ:TSLA) sunk to levels it has not been since May, having closed below the psychological $200 level. The downward movement has been accelerated by increased concerns over future competition, which the automaker is poised to face going forward. CNBC’s, Dan Nathan, believes the stock could sink even further in the coming weeks to levels that potential investors can use as a perfect entry point.

Tesla Motors Inc (NASDAQ:TSLA)

Steve Grosso, on the other hand, believes the stock could bounce quickly from the $200 mark based on past trading patterns. The analyst believes the ongoing downturn in China and oil prices concerns could considerably affect the stock price going forward.

“China was supposed to be their hit market, obviously crude has the effect but you know you are dealing with a different type of clientele that should really not have a dramatic impact. I think it is more about competition and more about China,” said Mr. Grosso.

Guy Adami points out that Tesla Motors Inc. (NASDAQ:TSLA)’s pivot point has always been at the $220 level with the ongoing downward trend expected to end at the $180 level; from which a rebound might be experienced.  The $180 mark remains in this case a perfect entry point according to Adami.

Valuation concerns have been pounding Tesla Motors Inc. (NASDAQ:TSLA) in the recent months with the entry of more competition raising further doubts on the company’s true value according to Timothy Seymour. At the current trading levels, Nathan maintains technicals are not right to justify an entry point as the stock could sink a further 10%.

“This is a place where Tesla Motors Inc. (NASDAQ:TSLA) should be embracing competition and this is the whole point. If the battery prices don’t come down. They are not for mass market adoption this is another reason why the stock is overpriced,” said Mr. Seymour

The question remains whether the giant electric company will succumb to imminent competition from other automakers who are eyeing the electric space or it will come out stronger. One of the major catalysts that should give the stock the much-needed energy to surge is the production of cheap electric batteries. That should make Tesla Motors Inc. (NASDAQ:TSLA)’s electric cars affordable for mass-market.

Warren Buffett and BillionairesFree Report: Warren Buffett and 12 Billionaires Are Crazy About These 7 Stocks

Let Warren Buffett, David Einhorn, George Soros, and David Tepper WORK FOR YOU. If you want to beat the low cost index funds by an average of 6 percentage points per year look no further than Warren Buffett’s stock picks. That’s the margin Buffett’s stock picks outperformed the market since 2008. In this free report, Insider Monkey’s market beating research team identified 7 stocks Warren Buffett and 12 other billionaires are crazy about. CLICK HERE NOW

Biotech Stock Alert - 20% Guaranteed Return in One Year

Hedge Funds and Insiders Are Piling Into

One of 2015's best hedge funds and two insiders snapped up shares of this medical device stock recently. We believe its transformative and disruptive device will storm the $3+ billion market and help it achieve 500%-1000% gains in 3 years.

Get your FREE REPORT and the details of our 20% return guarantee today.

Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.
Loading Comments...

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 102% in 3 years!! Wondering How?

Download a complete edition of our newsletter for free!