May 8, 2021
Business News

Why Tesla would be one of the biggest EV pure play winners if Biden gets elected: Analyst

Tesla’s (TSLAlatest quarterly results, which include a fifth straight quarter of GAAP profitability, have prompted Street price target increases and renewed speculation over an eventual inclusion in the S&P 500 (^GSPC).

“We think at this point, the S&P 500 index committee is hard pressed to not add the stock to the index, which is the near-term catalyst, and one of the main reasons why we’ve reiterated our Buy rating and raised our price target by $50 to $550,” Garrett Nelson, analyst at CFRA,…

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