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Should I Buy Tesla Stock as New Competition Emerges?

Secretive car company Faraday Future just unveiled its concept car in Las Vegas, and investors are asking themselves if they should buy Tesla stock for 2016.

Faraday Future is run by former Tesla engineer Nick Sampson, and he has helped the company reach impressive growth in just 18 months.

But despite Faraday Future being viewed as the next "Tesla killer," here's what you really need to know about Tesla and the Tesla stock price for 2016.

top news

New Stock Market Predictions for Q3

The Dow Jones Industrial Average, Nasdaq, and S&P 500 each trade near all-time highs as we approach Q3 2015. It's been one of the longest bull runs in years.

Now, many stock market predictions from Wall Street pundits call for a correction as early as Q3 2015.

Money Morning Technical Trading Specialist D.R. Barton, Jr., joined CNBC Asia last night (Thursday) and gave his stock market predictions for Q3. He also told investors the best strategy for investing in this volatile market as we enter the summer months...

tech investing

New Apple Stock Price Predictions See AAPL Soaring to $200

Of all the Apple stock price predictions out there, this may be the boldest: AAPL shares will reach $200 within 24 months.

And that bold call belongs to a seasoned market analyst with 33 years of experience — Money Morning Chief Investment Strategist Keith Fitz-Gerald.

He wasn't shy about it, either. He made the call on the FOX Business program "Varney & Co." earlier this month, startling host Stuart Varney. Most AAPL stock price predictions are much lower.

Here's why Fitz-Gerald is so extraordinarily bullish on Apple stock right now...

Stock Market Today

DJIA Today Hits New Record, Nasdaq Tops 5,000 Again

The DJIA today surged another 155 points, hitting a new record. The S&P 500 also hit a new record, while the Nasdaq crossed the 5,000 level for the first time since March 2000.

What caused the surge? Tech stocks led the way, fueling increased optimism in the sector. China also made a surprise announcement with its monetary policy. The news offset concerns about domestic data.

Here are the day's top stories, plus our new profit tip for investors...