Autos

Tesla stock is headed to $1000, trader says. How to ride the rally

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Tesla shares have raced nearly 110% higher this year, and they could be gearing up for an even bigger rally.

Ascent Wealth Partners managing director Todd Gordon said more measured leadership at Tesla should give the stock even more momentum.

“We like the name,” Gordon told CNBC’s “Trading Nation” on Thursday. “We think [CEO Elon Musk] has picked up a little bit of credibility here following the first launch of a privately funded space mission. This opens up all sorts of possibilities in terms of future exploration programs out of NASA so very interesting there and he seems to be a little bit more measured in his tweeting.”

Upcoming earnings might also give the stock the thrust to push…



Source cnbc.com

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