Tesla’s rocketing share price indicates investors expect incoming president to return the favour
Tesla chief Elon Musk says he “never asked” the president-elect “for any favours, nor has he offered me any” in return for support for his presidential campaign. Photographer: Allison Robbert/AFP/Bloomberg
The electric car giant became a trillion-dollar stock following Trump’s victory, soaring 50 per cent in a week before pulling back as traders took profits. Is too much optimism baked into Tesla shares? Not according to Morgan Stanley’s Adam Jonas, who suggests shares could rally a further 50 per cent.The Irish Times Business Person of the Month: Dalton Philips, Greencore
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