Tesla stock rises on Shanghai factory optimism—what to watch now $TSLA (via TradingNation)
Here's what three of them were watching:
Roger McNamee, co-founder and managing director of Elevation Partners, said this could be a case of history repeating itself, or at least rhyming: "I look at it and say, 'It may be the battery that's driving the business, but it's jet fuel that's driving the stock.' And it just feels like 20 years ago. For those of us who've been around a while, the late '90s saw a lot of that kind of action, and it's really fun to watch. I can't imagine owning the stock right now just because what do you [do]? I mean, who knows? It's so wild.
Sam Jaffe, co-founder and managing director of Cairn Energy Research Advisors, flagged Tesla's powerful first-mover advantage: "Tesla has a lead in technology. They started earlier than the other carmakers, so, they've got a few years' lead in the horse race. They have better battery technology right now, better battery pack technology, all the way up to the way that they control the battery pack, and it's a significant lead. … Tesla has reached scale in a way that nobody else has yet, although that's changing quickly.
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