For interested investors on the sidelines, is now their time to buy Tesla (TSLA -1.11%)? The answer could depend on their time horizon. In this clip from "3 Minute Stocks Updates" on Motley Fool Live, recorded on May 11, Motley Fool contributor Brian Feroldi discusses why Tesla is his largest holding and why he has no plans to sell.
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Brian Withers: Any thoughts on how the Twitter (TWTR) sideshow with Elon Musk may affect Tesla? If one doesn't own Tesla, is it a buy right now?
Brian Feroldi: The Twitter sideshow is going to be something to watch. If this was a couple of years ago and Tesla was bleeding capital, that kind of stuff, I would be more concerned. But Tesla, the company, is in such a fantastic place today. I wish Elon was just ignoring it and just focusing on the business but that's not Elon. By the way, his popularity has risen since he's done this, so they get more free advertising for Tesla. Is it a buy today? Depends on your time horizon. Depends on if you believe Elon Musk is going to do everything that he says he's going to do. This is my largest holding, it's my No. 1 holding and I have no plans to sell if that means anything.
