Tesla Rally Is Sentiment-Driven, Not Fundamental Strength: UBS

Tesla ( TSLA ) shares are extending their rally catalyzed by President-elect Donald Trump’s re-election after CEO Elon Musk’s support for the former president’s campaign earned him a proposed Cabinet nomination. Sean Smith and Brad Smith take a closer look at the stock move as UBS analysts warn that the electric car maker’s jump is driven by animal spirits rather than actual positive fundamentals.

To see more expert insight and analysis on the latest market action, check out more Morning Brief here.

This post was written by Naomi Buchanan.