Irrational exuberance.
I'm assuming the thought is, he will be good for the free market as a whole, so TSLA will thrive long term in a free market, like most well run companies with smart leadership. I wouldn't be surprised if they change their primary product, or make major changes along the way, but Jim Collins will be writing about them at some point.My favorite one is TSLA being up 10%. Half of their profits come due to gubment subsidies. I have a hard time seeing Trump being good for carbon tax credits, imported lithium prices, electric vehicle charging infrastructure spending, imported solar panels, and EV tax credits.
One thing the market always appreciates is certainty and it always punishes uncertainty.Is way up. Money never sleeps.