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![]() Esha DeyFortune |
“People’s experience with the stock market in Trump’s last term is skewing their perception of what to expect in this frothy market.”
Shares in the electric vehicle maker have soared 31% since Trump’s decisive win, leaving analysts’ price targets in the dust.
Shares closed up 8.2% at $321.22 Friday, taking their gains this year to 29%, and Tesla’s market value to about $1.03 trillion.
"We are not positioning for an outcome in the election because it is a coin flip. It does not make sense to make a bet."
Earnings for S&P 500 companies, excluding the Magnificent Seven, are set to grow 7.4% in the second quarter, after five straight quarters of declines.