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T3 Trading Group Chief Strategist Scott Redler discussed Tesla Motors Inc
TSLA on the show.
"I still think [Tesla is] broken," Redler said, as he noted that some traders had attempted to press Tesla below $185.
"With lower oil and the whole praise of Tesla, with the coolness of it," as Redler described it, those things were now past and the vehicles needed "to be widely accepted and start having real demand" rather than being "the forth or fifth car in [a customer's] garage."
"If it were to reclaim and break above its ascending channel on heavy volume," then it could move higher, however, before its next earnings release, Redler thought the stock would see resistance at the $192 to $194 levels.
Tesla Motors Inc recently traded at $190.68, up 3.07 percent.
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