Watch Tesla's fundamentals, not the headlines

The company has been in the news lately, with patents, state rulings, and progress on its gigafactory.

By Motley Fool Jun 11, 2014 12:42PM
Electric vehicle maker Tesla (TSLA) have remained steady recently despite a flurry of news surrounding the company.

Elon Musk has announced that he's willing to share some of Tesla's patents as a sort of open-source for EV producers in order to spur their production. In addition, New Jersey is advancing a bill that would allow Tesla to operate four stores and a service center in the state, while California is relaxing regulatory and environmental standards to encourage Tesla to build its gigafactory there.
But what about the competition?

So, is today the day for investors to dive into Tesla?
Caption: A Tesla Motors car on the showroom floor in Miami, Fla.
Credit: © Joe Raedle/Getty Images
On "Stock of the Day", Blake says no -- while the news is interesting, none of it changes the fundamentals of Tesla. He thinks investors should really pay attention to gigafactory updates, as that is key to the company meeting its goals and Wall Street's expectations in a timely fashion.

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