Tesla's $350B Post-Election Surge: Animal Spirits or Real Growth? UBS Says Sell
Posted: Wed Nov 27, 2024 3:53 pm
Is Tesla's meteoric rise truly justified or are we witnessing a market bubble in real-time? UBS suggests animal spirits and momentum are the primary drivers, not fundamental improvements. With a sell rating and a price target increase that still sits well below current trading levels, are they onto something? How much weight should we give to analyst opinions versus market sentiment? The proposed removal of EV tax credits could be a double-edged sword. Will it force Tesla to lower prices, potentially impacting profitability, or will it spur even greater demand by creating a sense of urgency among buyers? Furthermore, how will a potentially relaxed regulatory environment for autonomous vehicles truly benefit Tesla in the long run? Does Tesla actually have the technology to capitalize on this shift or is this just hype? Let's discuss.