Don't Buy the TSLA Stock Price at This High Level

The Tesla Inc. (Nasdaq: TSLA) stock price has widely outperformed many other tech giants in 2017.

Shares of Tesla stock are up 38.8% to $296.63 this year. That beats Apple Inc.'s (Nasdaq: AAPL) 24% gain and Amazon.com Inc.'s (Nasdaq: AMZN) 19.5% rise over the same period.

And shares of Elon Musk's electric car company soared 7.3% yesterday (Monday, April 3) to settle at a record $298.52. The buying frenzy came after Tesla said it delivered more than 25,000 vehicles last quarter, beating expectations of 23,000 to 24,500.

But Money Morning Technical Trading Specialist D.R. Barton Jr. appeared on CNBC to tell investors not to buy Tesla stock at its record price right now. Despite the company's strong Q1 shipments, Barton asserts the stock is too volatile to own.

Here's why the Tesla stock price will continue to see big swings in volatility…

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