Snap up Tesla shares if Elon Musk's chaotic Twitter takeover drags the stock below $125, a veteran strategist says

Dec 21 2022 by Business Insider

 
Tesla shares could be a bargain if they fall below $125, according to a Wall Street strategist.

Aly Song/Reuters

Elon Musk's Twitter saga could make Tesla stock a bargain if it falls to $125, a trading strategist said. Tesla has tanked 38% since Musk bought Twitter, which is seen as a distraction for the EV maker's CEO.  "It's a momentum name, it was a high valuation, and Musk lost his halo," T3 Trading's Scott Redler said.

Tesla's stock could be headed into "buy the dip" territory, as Elon...

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