Are you looking for a way to supercharge your portfolio? If so, you may have your eyes on Tesla Motors Inc (NASDAQ:TSLA).
Forget about the fact that the company is in good hands with CEO Elon Musk at the helm. Instead, all you need to know is that Tesla is up 210 percent year to date.
Does this mean you should consider adding the electric vehicle manufacturer Tesla Motors Inc (NASDAQ:TSLA) to your portfolio?
To answer this question, let’s take a closer look at a recently published CNBC video: Talking Numbers: Will Tesla ‘Charge Up’ Your Portfolio?
Before we get into the finer details of the video, don’t forget that Tesla is once again back in the news with an announcement of the expansion of its Supercharger Network.
Richard Ross of Auerbach Grayson gets the segment underway by talking about where Tesla Motors Inc (NASDAQ:TSLA) stock stands right now:
“The chart tells me there is a lot further to go with this stock. I am super fired up about both the company and this stock chart.”
As you can see, Ross is quite excited about how Tesla has been performing. And like many, he feels that there is plenty more growth to come. Maybe this could be what you need in your portfolio?
Ross then added the following:
“You see the stock really does nothing for almost three years after the IPO. We know now it was just charging its batteries there. We get that fantastic breakout from a multi year base of support around $40.”
The interview then kicks over to Zachary Karabell of River Twice Research who shares his own thoughts and opinions on what the future holds:
“I happen to love Tesla. I have every intention of actually buying the car, and no intention of buying the stock. You may ask why that may be the case given that the car will almost certainly lose half its value and while the stock may do the same, it is always possible that it will increase by 50 percent. There is so much momentum money in this stock right now that it may indeed become a major Tony Stark story going into the future, it could also well go down $40 simply because something unexpected or a blip happens.”
With this interview, you have two guys on different sides of the Tesla Motors Inc (NASDAQ:TSLA) investing fence.
If you want to watch the segment in its entirety, you can do so on the next page: