Money Manager: Tesla Isn't an Important Stock for the Broader Markets

Tesla CEO Elon Musk is a visionary and ahead of the game on innovation, but it's stock isn't important for the health of the broader markets, according to one expert.
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Tesla (TSLA) - Get Report CEO Elon Musk is a visionary and ahead of the game on innovation, but its stock isn't important for the health of the broader markets.

That's the assessment from Wells Fargo Asset Management's Ann Miletti.

The stock was rising following its earnings report on Wednesday after the company disclosed profitable expectations for the rest of 2018.