Tesla Motors 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 . 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.
Near-faultless execution has led Tesla Motors to the brink of success, but the road ahead remains a hard one. Despite progress, a looming question remains: Will Tesla be able to fend off its big-name competitors? The Motley Fool answers this question and more in our most in-depth Tesla research available for smart investors like you. Thousands have already claimed their own premium ticker coverage, and you can gain instant access to your own by clicking here now.
The article Forget the Rally: Tesla Is a Buy Right Now originally appeared on Fool.com.
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 . Try any of our Foolish newsletter services free for 30 days. 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.
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