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Forget the Rally: Tesla Is a Buy Right Now

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

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The math shows upside from here.

Tesla Motors (TSLA -6.42%) 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 1.78%). 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.

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Stocks Mentioned

Tesla, Inc. Stock Quote
Tesla, Inc.
TSLA
$663.90 (-6.42%) $-45.52
Toyota Motor Corporation Stock Quote
Toyota Motor Corporation
TM
$158.66 (1.78%) $2.77

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