As Tesla falls on downgrades, investors should consider buying the dip: Traders $TSLA (via TradingNation)
That was the message Friday from two traders as shares of the electric auto maker fell following analyst downgrades from Morgan Stanley and Goldman Sachs.
Tesla shares were down more than 2% in Monday's premarket after falling on Friday by nearly 4% to $935.28. Tengler said her company owned Tesla on its run from roughly $180 to around $320, when it sold as the SEC began investigating CEO Elon Musk's tweets and members of senior management started to leave the company.
"It's priced for dominance in its space and continued strong growth," Tengler said. "There's also a lot of interesting, good news on the horizon, so I think this is one where you do want to step back, let the bears take it down some and then come in and make an investment for the next three to five years. China is a wild card, but not just for Tesla, for many of the companies in the technology space.
France Dernières Nouvelles, France Actualités
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