We Are Removing Tesla (TSLA) from Investing Ideas

12/26/17 10:24AM EST

Below is a note from CEO Keith McCullough on why we're removing Tesla (TSLA) from the short side of Investing Ideas today:

With Tech and some FAANG components “correcting” again today, I want to take this as an opportunity to remove TSLA from Investing Ideas on an immediate-term #oversold signal. TSLA has been a great absolute and relative short since Jay Van Sciver introduced it on the short side mid-2017. He’s still bearish on it so I’ll come back to it on a bounce when it is signaling #overbought.

Happy Holidays,
KM

No change to Industrials analyst Jay Van Sciver's fundamental short thesis on Tesla. Click here to read Van Sciver's original stock report on the company.

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