Investors should buy Tesla Inc (TSLA) stock and own it over the long term because of the strength of TSLA’s operating system, Brian Belski said recently on CNBC.
A frequent guest on the network, Belski is the Chief Investment Strategist of BMO Capital, an investment bank.
However, the investor added that he was “underweight” TSLA.
Belski’s Comments on Tesla Inc (TSLA)’s Operating System
Tesla’s operating system is in a similar situation now as Apple’s (AAPL) operating system was 20 years ago, Belski asserted.
So investors should buy TSLA stock now and hold it for 20 years in order to benefit from the strength of the firm’s operating system, the investor stated.
Why Belski Is Underweight Tesla Inc (TSLA)
The investor explained that he is underweight the entire Mag 7, including Tesla. Belski prefers to focus on tech, communications services, and consumer discretionary names outside of the Mag 7 that he believes are better positioned to outperform.
He explained that he thinks this is “a stock-picking” environment.
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This article is originally published at Insider Monkey
