Yesterday, Tesla Motors announced its new financing product for its Model S, which partners with megabanks Wells Fargo and U.S. Bancorp . While the deal is certainly more impactful to Tesla's overall business, the partnership highlights the brand power of these banks.
In this video, Motley Fool banking analysts David Hanson and Matt Koppenheffer tell investors why investors in these banks should be excited and optimistic about the deal.
Warren Buffett and Elon Musk are firmly standing with these banks. With big finance firms still trading at deep discounts to their historic norms, investors everywhere are wondering if this is the new normal, or whether finance stocks are a screaming buy today. The answer depends on the company, so to help figure out whether U.S. Bancorp is a buy today, I invite you to read our premium research report on the company. Click here now for instant access!
The article Warren Buffett and Tesla Motors Love These Banks originally appeared on Fool.com.
David Hanson has no position in any stocks mentioned. Matt Koppenheffer has no position in any stocks mentioned. The Motley Fool recommends Tesla Motors and Wells Fargo. The Motley Fool owns shares of Tesla Motors and Wells Fargo. Try any of our Foolish newsletter services free for 30 days. We Fools may not 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.
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