Michele 'Mish' Schneider, Chief Strategist at MarketGauge joined Benzinga's Premarket Prep to give her take on what she thinks is next for Tesla stock, TSLA.
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00:00Mish, what about Tesla here, because we had Tesla pop after earnings last week.
00:05I know this is a stock that you watch, kind of an interesting level here, right around
00:10$270.
00:11Do you think the positive price action for Tesla will continue here?
00:16I do, actually.
00:17I think that Tesla can go to $350.
00:19That's kind of my next major goal here.
00:22Yeah, Tesla, again, it seems to be in its own universe, and it's got a lot of things
00:28going for it.
00:29I mean, certainly the announcement of the lithium mine is good for Tesla, because they
00:34need the batteries.
00:36They are more than just a car company, clearly.
00:39Obviously, the projections that he said was a best guess, Elon, last week about car manufacturing
00:46helps.
00:47I think this is, to me, since this is the granddaddy, you know, like I have my grandpa
00:52in the modern family, but this is the granddaddy of EVs, clean energy, and where we're going
00:58in terms of what we have to do as a global area, you know, and that's really get away
01:04from the tit, if you will, of oil and gas.
01:08I mean, this is definitely where Tesla represents, and I think it's actually a little bit maybe
01:14even undervalued if you're looking at some of the other MAG-7 stocks.