Fast Money

Monday - Friday, 5:00 - 6:00 PM ET
Fast Money

Tesla top stock pick for 2014: Analyst

VIDEO1:1001:10
Tesla top pick for second half: Pro

After hearing from CEO Elon Musk at Tesla's shareholder meeting on Tuesday, Ben Kallo, an R.W. Baird senior research analyst, said that the electric-car maker is his top stock pick for the second half of 2014.

Musk spoke about his plan for driving growth at the company, while admitting there is a "manic depressive" aspect to Tesla's short-term trading in the market.

On CNBC's "Fast Money," Kallo said that there are still catalysts ahead for the company, including earnings.


VIDEO3:3903:39
Got out of GM because I'm an idiot: Trader

"We have a quarter that's lined up very nicely for a solid beat," he said. "Production is very good. We were out at the factory about 2½ weeks ago. I think they're ahead of schedule meeting their targets for the quarter."

Read More

Kallo has an outperform rating on Tesla with a $275 price target.