Here’s why investors are selling Tesla stock and buying Ford, GM: Analyst

Coming back from the Labor Day weekend, Tesla (TSLA) shares marked a 2.64% gain on Tuesday, trading at just over $750 by market close. And while some experts are targeting $3,000 per share, TD Ameritrade Chief Market Strategist JJ Kinahan explains why TD’s clients are selling Tesla in the near term.

“[TD Ameritrade’s clients] sold [Tesla shares] in July and August, which I think is very interesting overall,” Kinahan told Yahoo Finance Live. “[They sold for] a couple of reasons….


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