Tesla stock surge post-election driven by investor sentiment, not fundamentals, reaching upside valuation

From Investing.com: 2024-11-25 09:19:31

Tesla’s stock surge of 40% post-election driven by investor sentiment, not fundamentals, says UBS. Market cap up $350 billion, reaching upside valuation. Potential regulatory shifts under Trump administration could benefit Tesla, but removal of EV tax credits may impact U.S. demand negatively. Pricing actions stabilize demand, but competition strong in China and Europe. Stock rise attributed to “animal spirits/momentum,” valuation implies $1 trillion non-auto business value. UBS warns of corrections if auto business value falls. Price target raised to $226, calls current multiple “over-extended.”



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