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Tesla (TSLA) stock is trying to form a base around $140 after a nasty sell-off of $55 per share. Tesla (TSLA) is a great long term investment down here but you will have to deal with some volatility in the short term. I see the stock hitting $160-$170 in three months ahead of the Q4 earnings report.
I completely sold out of Tesla (TSLA) in the $160's several months ago but I have been buying back this week and plan to buy more if the stock hits the $120's. This company remains 5 years ahead of the competition and they will continue to improve for years to come. Resistance is located at $145.65 as well as $156.
Also see - Top Stocks 2014 - Top Stock Gainers 2013
