Tesla shares surpassed $300 for the first time ever in Tuesday trading, touching a new all-time high of $304. And according to one technical analyst, the short-term and long-term charts on Tesla continue to look downright electric.
“Regardless what you think about the valuation, this stock is not going to get beat by a spreadsheet. This is a great technical setup, and it’s only gotten better here,” Rich Ross, head of technical analysis for Evercore ISI, said Monday on CNBC’s “Power Lunch.”