This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

I May Buy Tesla but Not the Stock

NEW YORK ( TheStreet) -- There are few days in life that are more thrilling and terrifying than the day you take your driver's license test.

Back then, we weren't required to wear seat belts. I can't tell you my 1974 "rust bucket" Toyota (TM) Corolla seat belts received a lot of use, but I do know they were used that day.

It was almost 30 years ago, and I still remember returning from the official test drive thinking I didn't pass. As soon as the examiner advised to "slow down" (perhaps omniscient of my future driving), I thought the exam was all but over.

However, upon our return, he stated in a monotone voice what I waited and dreamed about for years to hear: "You passed." I was so surprised after my self-induced ego deflation that I actually questioned his decision.

What? Ok, there was no way I was about to question his decision to pass me, and I did my best to remain cool on the outside while internally high-fiving myself until the license was in hand and I could let loose.

Newly minted drivers aren't the only ones who get excited. Investors allow emotions to take the steering wheel at times, too.

I've since upgraded from my no air-conditioned, manual steering and hand-cranked windows with a broken gas gauge (not a good thing when you're a broke teenager) rusty beater to my General Motors (GM) Escalade with more features on the steering wheel than my Corolla had in the entire vehicle.

Cadillac produces a enjoyable ride, and when you're trying to get a family of six (including a friendly, albeit large, 100-pound Yellow lab) from here to there, the extra room of a SUV comes in handy. However, Cadillac isn't the only player in luxury SUVs.

There's another American made luxury SUV that I started test-driving a few weeks ago to replace my Escalade. No, it isn't Ford's (F) Lincoln Navigator, although I'm sure it's a nice ride (I don't find the front grill appealing).
1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
TSLA $241.80 0.43%
AAPL $93.64 -0.11%
FB $118.57 0.84%
GOOG $698.21 0.75%
YHOO $36.53 -0.19%


Chart of I:DJI
DOW 17,891.16 +117.52 0.66%
S&P 500 2,081.43 +16.13 0.78%
NASDAQ 4,817.5940 +42.2360 0.88%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs