Tesla's $1.1TRN valuation fueled by hype not fundamentals, warns bank

With Tesla Inc (NASDAQ:TSLA) having gained over $350 billion in market capitalization since the US election, analysts at UBS urged investors to think hard about whether the company deserved its valuation of almost $1.1 trillion.  The near-40% surge in the shares since the US election, outpacing the broader S&P 500, was mostly down to the classic "animal spirits" of the market, fueled by some views that President-elect Donald Trump's second administration will benefit the company more than rivals. Trump has ...