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Tesla has been another standout performer, with the company’s shares soaring 27% this week, pushing its market capitalization back above $1 trillion. Much of this rise seems to be linked to the media portrayal of CEO Elon Musk, particularly his involvement in the political arena, which has drawn investor attention and speculation.
Nations indicates that Tesla should be viewed as a hold rather than a buy, attributing its recent surge not solely to strong fundamentals but to the allure of its charismatic leader. Tesla is focused on expanding its product lineup, including the launch of a new $999-a-month lease option for its Cybertruck, a strategic move to compete against Ford's recently stalled F-150 Lightning production.