Tesla Stock: The Trump Bump Is Overdone

Summary:

• Tesla stock has rallied 60% since Q3 earnings.
• An upbeat report and a Donald Trump win have made investors optimistic.
• These benefits are being overstated, leading the stock to overvaluation.

Tesla, Inc. (NASDAQ:TSLA) stock has been on a scorching rally over the last month. Shares jumped 25% after upbeat Q3 earnings, and then an additional 40% following Donald Trump’s election victory, as investors bet that the

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