This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
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
TheStreet Open House

I May Buy Tesla but Not the Stock

Stocks in this article: TSLAGMFTM

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

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

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
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, 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
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 16,805.41 +127.51 0.76%
S&P 500 1,964.58 +13.76 0.71%
NASDAQ 4,483.7150 +30.9230 0.69%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs