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Use this ‘bear trap’ to make money on Tesla: Analyst

Talking Numbers

Tesla is set to report earnings Tuesday. Does recent negative sentiment create a buying opportunity?

Shares of electric carmaker Tesla gained 7% Monday after CEO Elon Musk said he thought his stock is a buy. On the same day, The Wall Street Journal reported that the Tesla Model S is the most popular car among residents in the nation's 15 wealthiest zip codes.

With the stock up more than 400% since the start of 2013, the market eagerly awaits Tesla's quarterly earnings, to be released Tuesday. As it now stands, the company is worth nearly half that of General Motors. Is it a case of too far, too fast or is there still more upside potential?

On CNBC's Street Signs' Talking Numbers segment, two analysts look at the stock using fundamental and the technical analysis. On the fundamentals is CNBC contributor Gina Sanchez, founder of Chantico Global. On the technicals is Ryan Detrick, Chief Technical Strategist at Schaeffer's Investment Research. He sees the emergence of a "bear trap" in the stock's chart.

Is Tesla still a buy? Watch the video above to see what the fundamentals and technicals have to say on this stock.

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