Tesla Motors Inc (TSLA) Will Hit $225 If Oil Stabilizes, Model X Takes Off, Says Guy Adami

Tesla Motors Inc (NASDAQ:TSLA) will hit $225 per share if the oil market stabilizes and if the Model X proves to be a hit with the broader market if Guy Adami proves to be right.

According to the Fast Money trader in a discussion on CNBC, it’s unclear yet whether the stock price of Tesla Motors Inc (NASDAQ:TSLA) has decoupled from the movement of the oil market.

“$225 has been resistance on the upside was previous support. I think it trades and blows through that now. Has it decoupled from oil? I don’t know but oil does feel like it’s stabilizing at these levels for the time being. You get stabilization in oil [and] you get a decent broader market tape, Tesla gets to $225,” Adami said.

Adami and his colleagues at CNBC were reacting to positivity in the market session yesterday sparked in part by a note from Morgan Stanley (NYSE:MS) analyst Adam Jonas that essentially said that the firm is not worried by the automaker’s plan to spend a ton of money in the near future. Jonas, the Fast Money traders noted, is a “steadfast” bull on Tesla.

Tesla Motors Inc (NASDAQ:TSLA) and its founder and CEO Elon Musk have revealed recently that capital expenditure for the luxury electric car maker is expected to increase 50% for 2015.

Tesla, is TSLA a good stock to buy, Guy Adami, price target, Model X

Aside from the Morgan Stanley outlook, the flames of positivity were fanned by images of the Model X circulating on the Internet showing the electric SUV in different situations.

Brian Kelly said, however, that he would wait for a pullback before buying Tesla Motors Inc (NASDAQ:TSLA) stock.

Patrick Mccormack’s Tiger Consumer Management ended 2014 owning 271,408  Tesla Motors Inc (NASDAQ:TSLA) shares, down 9% quarter over quarter.

I just made 84% in 4 daysI Just Made 84% in 4 Days By Blindly Following This Hedge Fund
I just made 84% in 4 days by blindly imitating a hedge fund’s stock pick. I will tell you how I pulled such a huge return in such a short time but let me first explain in this FREE REPORT why following hedge funds’ stock picks is one of the smartest things you can do as an investor. We launched our quarterly newsletter 2.5 years ago and not one subscriber has, since, said “I lost money by EXACTLY following your stock picks”. The reason is simple. You can beat index funds by creating a DREAM TEAM of hedge fund managers and investing in only their best ideas. I just made 84% in 4 days by blindly imitating one of these best ideas. CLICK HERE NOW for all the details.