Skip to main content

Market Overview

Options Expert Nic Chahine On Tesla: 'I Would Not Be Surprised To See $165 In The Next Couple Of Weeks'


Speaking to Benzinga, Options Expert Nic Chahine said that Tesla Motors Inc (NASDAQ: TSLA) is a short pick of his, and it’s headed down in the way he expected.

“I could be headed lower. I would not be surprised to see $165 in the next couple of weeks especially if markets continue to correct,” he said.

Chahine said that the Street loves to trade Tesla on high valuation and based on innovated, but Chahine doesn’t see the innovation in batteries.

He also pointed out that any delays in the completion of the gigafactory could mean big negative impacts on revenues on what the Street expects.

“In uncertain times, traders are likely to throw away frothy names first,” he said.

Chahine prefers Alibaba Group Holding Ltd (NYSE: BABA) to Tesla when it comes to momentum stocks.

“At least Alibaba has a story now and is not hoping on a good story down the line,” he said.

Tesla Motors Inc. - Stock Price and Volume | FindTheBest


Related Articles (BABA)

View Comments and Join the Discussion!

Posted-In: Alibaba Expert Nic Chahine optionsAnalyst Color Technicals Exclusives Trading Ideas

Latest Ratings

GIKColliers SecuritiesInitiates Coverage On14.0
SANWLake StreetInitiates Coverage On6.0
LILAMorgan StanleyDowngrades15.0
BEJP MorganUpgrades36.0
NEXACredit SuisseUpgrades11.0
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Everything you need to know about the latest SPAC news.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at