"Tesla (TSLA) has been holding up quite well over the past couple of weeks," Schwab Network Correspondent George Tsilis said on the network recently. Moreover, TSLA does "not necessarily have the most exposure to international" catalysts, Tsilis added.
An economist who worked for CME Group in the past, Tsilis was also a Financial Advisor for BMO, a Canadian bank.
More of Tsilis' Comments on TSLA
Since Tesla produces many of its EVs domestically, it may not have the most exposure among Big Tech names to overseas markets, Tsilis stated. However, he added that the automaker could be affected by issues that impact its supply chains.
Nonetheless, the company's shares have been relatively durable over the past "couple of weeks," he stated.
"Tesla was the biggest political gainer (earlier in the year), and then it was "the biggest political loser," he noted.
Tsilis' Macro View
"The market is trying to carve out a bottom," Tsilis believes. The commentator thinks that China will eventually make concessions to the U.S., enabling semiconductor makers, such as Nvidia (NVDA), to advance.
And if the tariff issue is resolved favorably, according to large investors, the overall "appetite for risk taking" will increase, according to Tsilis.
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Disclosure: None. This article is originally published at Insider Monke