Tesla's stock surge is being driven by 'animal spirits,' according to UBS
qz.com › tesla-stock-surge-elon-musk-trump-ubs-animal-spirits-1851707333
This story seems to be about:
This story seems to be about:
Tesla shares have surged on investor optimism that President-elect Donald Trump will bring forward policies that benefit his ally, CEO Elon Musk. But those gains are entirely based on momentum, not any changes to the company’s fundamentals, UBS analysts warned on Monday.