Tesla Motors Inc (TSLA): Time To Buy The Dip?

buy-and-holdDissecting the day’s major business news, with the Fast Money traders. Tesla Motors Inc (NASDAQ:TSLA) is a stock that’s slowed down recently. Does that mean it’s time to buy the dip?

“It looks like that’s about to play out with Tesla Motors (TSLA) as shares of the electric car maker violate their 200-day moving average for the first time in more than two years,” Anthony Mirhaydari Reports.

Mirhaydari goes on to say, “The catalyst: The crash of oil prices to five-year lows near $65 a barrel. Suddenly, Tesla’s sky high valuation of 80 times estimated 2015 earnings looks like peak-oil hyperbole.”

Watch the video below as the Fast Money traders discuss what to do with Tesla’s stock:

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