According to Jim Cramer, the recent rally in Tesla stock is 'one for the ages,' emphasizing that it is a significant surge that should have been anticipated. He noted that the surge has substantially contributed to Tesla's gains on Wall Street this year, particularly following the election outcomes, indicating a bullish sentiment surrounding the company. Cramer attributes part of this rally to the political climate and the favorable conditions for Tesla with Donald Trump potentially leading efforts on regulatory measures.
Cramer explained that the public is often more attuned to underlying movements in the stock market than Wall Street analysts, stating, 'The public doesn't listen to Wall Street research.' He emphasized that Tesla's performance has been directly influenced by broader factors, including public confidence and the possibility of regulatory easements under Trump's administration. This perspective sheds light on why such substantial gains occurred, which may not have been sufficiently recognized by traditional market analysts.
Collection
[
|
...
]