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Money Morning economist Garrett Baldwin explained why (Nasdaq:TSLA) Tesla Motors Inc. stock is on fire in our daily stock market outlook.
As of early November 2013, Tesla (Nasdaq: TSLA) stock prices were up 8% ahead of earnings.
If TSLA exceeds its earnings estimates and posts a profit margin of more than 19%, the stock should see a bump in the immediate aftermath.
However, for buy-and-hold investors, TSLA is a risk not worth taking. Trading at an all-time high as recently as September, it's unlikely TSLA will maintain momentum.
The fact that TSLA doesn't offer shareholders a dividend is another strike against the stock.
And if TSLA does not match earnings estimates, the stock could experience a major drop.
The big money seems to be betting on Tesla (Nasdaq: TSLA) run coming to an end...
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If you looked at holdings of hedge fund barons William Ackman and David Einhorn at the start of 2013, it looked like 2013 was a year for short selling.
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