Can Tesla shares drive your portfolio higher?

FBN's Charles Payne, The Tom Sullivan Show host Tom Sullivan, Monster Worldwide Senior V.P. Joanie Courtney, Tea Party News Network News Director Scottie Nell Hughes, retail analyst Hitha Herzog and Penn Financial Group founder Matt McCall on ... the outlook for Tesla.

This article is part of the series

Why Cheap Gas Won’t Hurt Tesla’s Future

By Payne's Picks FOXBusiness

The rich are spending big time, but I continue to wonder if it's only them driving business for certain retailers, like car dealerships. According to TrueCar, sales of "expensive cars" - those that cost at least $50,000 -- are up 30%, versus 4% for cars under $50,000.

Continue Reading Below

That brings me to another stock idea – Tesla (TSLA).

Tesla came down a lot recently, because of this whole notion that somehow somebody who was thinking about buying a Tesla is going to change their mind because now gas is cheap. Odd correlation in my mind.

Admittedly, this is a stock that has some other issues, particularly when it comes to valuation. I've been on top of this thing for many, many years.  It started at 30 bucks, loaded up again at $100 when CEO Elon Musk bought some shares. I think at $200, I like it here. It's not necessarily for the faint of heart, but one day, I say this will be a $300 stock.  

DISCLOSURES

Tesla Motors (TSLA)

Owns

Family Owns

Firm Owns

Investment
Banking

CHARLES N N N N
MATT N N N N
HITHA N N N N
TOM N N N N
JOANIE N N N N

What do you think?

Click the button below to comment on this article.