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Tesla the best momentum play right now: Pro

For investors looking to pick up a momentum stock after a pullback, Tesla looks like a strong candidate, Brian Kelly of Brian Kelly Capital said Monday.

"To me, if you're going to get into something, that's the place to go," he said on CNBC's "Fast Money."

Kelly also alluded to New Jersey's ban on direct auto sales, believing a shift could be in the cards for the electric car company.

(Watch video: Tesla a vertical monopoly: Arizona dealer rep)

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