Reported about 9 hours ago
UBS analysts suggest that Tesla's recent $350 billion stock surge is largely fueled by market enthusiasm rather than genuine improvements in the company's fundamentals. They caution that potential policy changes post-election may not necessarily be beneficial for Tesla, as eliminating tax credits for electric vehicle purchases could pressure the company to lower prices. Despite raising the price target for Tesla shares, they maintain a sell rating as the company's stock is primarily influenced by market momentum.
Source: YAHOO