Tesla continues to battle with controversy.
Over the weekend, actress Mary McCormack share out a video of her husband’s Tesla car on fire in Southern California. On Monday, the stirring car maker’s chairman and CEO, Elon Musk, sent an email to employees nearby a fire in a California factory.
But despite the widely publicized incidents, Tesla’s hoard closed up for the seventh consecutive trading day Monday. Perhaps a better signs of the company’s stock: Musk’s Twitter account.
“It’s one of those stocks where you get entrance points occasionally because [Musk] says things and does chances that makes you very, very nervous,” Mark Lehmann, president of JMP Securities, give someone a tongue-lashed CNBC on “Closing Bell” Monday.
On Saturday, Musk tweeted a photo of the foremost Model 3 dual-motor vehicle.
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The following day, Musk went after Tesla dumpy sellers on Twitter, telling them they have about three weeks to take into account if they don’t want to lose money.
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Shares of Tesla searching up 3.5 percent Monday at $370.83.
“It’s still the car that everyone wants to own,” Lehmann revealed.
Nancy Tengler, chief investment officer at Heartland Financial, asserted her firm doesn’t own Tesla stock, but she remains “highly amused” by Musk’s tweets.
“He’s feisty and he’s unpractical,” she said Monday on “Closing Bell.”
But, she said, “I can’t justify the volatility and the be without of earnings.”
Still, the company’s stock is up more than 20 percent since its shareholders convocation earlier this month.
Tesla could not immediately be reached for talk about, but Musk commented on Twitter.
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