Forget the Rally: Tesla Is a Buy Right Now

By Tim Beyers and Erin Miller – Apr 11, 2013 at 12:00AM

NASDAQ: TSLA

Tesla

Market Cap

$453B

Today's Change

(2.65%) $3.76

Current Price

$145.81

Price as of April 23, 2024, 1:08 p.m. ET

The math shows upside from here.

Tesla Motors (TSLA 2.65%) has enjoyed a strong year so far. The stock has more than doubled the return of the S&P 500 year to date, up more than 24% as of this writing.

A single-day spike gets most of the credit for the rally. Investors snapped up shares shortly after CEO Elon Musk and team revealed that Tesla would book a surprise profit after delivering 4,750 Model S cars in the first quarter, 250 more than expected.

Is there still time to buy? In the following interview with The Motley Fool's Erin Miller, Tim Beyers of Motley Fool Rule Breakers and Motley Fool Supernova says short sellers continue to press the stock despite recent production gains and increasingly lucrative partnership deals with Mercedes-Benz and Toyota Motor (TM 0.15%). He thinks they're wrong.

Please watch this short video to get Tim's full take, and then leave a comment to let us know whether you'd buy, sell, or short Tesla's stock now, and why.

Fool contributor Tim Beyers is a member of the Motley Fool Rule Breakers stock-picking team and the Motley Fool Supernova Odyssey I mission. Neither he nor Erin Miller owned shares in any of the companies mentioned in this article at the time of publication. Check out Tim's Web home and portfolio holdings, or connect with him on Google+, Tumblr, or Twitter, where he goes by @milehighfool. You can also get his insights delivered directly to your RSS reader.

The Motley Fool recommends and owns shares of Tesla Motors . We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.