Steve Sosnick, Interactive Brokers’ chief strategist, discusses how he believes investors should approach Tesla (TSLA).
Shares of the luxury electric-vehicle maker are white hot, up 75% this year as of Feb. 6.
While many investors have faith in the stock, there can be some downsides and the stock can be volatile.The price discovery has also been challenging with this stock in a way similar to Bitcoin. Steve explains the parabolic moves and cash flow needs that have been seen at the company.
Photo Credit: benjie castillo via Flickr Creative Commons
