
NASDAQ:TSLA
Oil Sector and Impact from E-cars. He thinks they will continue to grow over the next little while. TSLA-Q is not the only one. GM, Ford and all the majors are coming out with electric vehicles. Tesla has grabbed the imagination of consumers. He thinks E-cars will be more and more of the auto industry. It is hard to recommend getting out of the oil business just because of E-cars. The oil curve is still in co tango. Hydro carbons are not going away tomorrow.
It's up 800% in the past 12 months. Wall Street got this dead wrong, but young investors didn't. Tesla isn't another car company, but a tech stock, say the kids. Goldman Sachs finally just upgraded the stock.