, Tesla’s surge inspires fans to buy, skeptics to dig in, drives fear of missing out – Source Reuters Tech News, iBSC Technologies - learning management services, LMS, Wordpress, CMS, Moodle, IT, Email, Web Hosting, Cloud Server,Cloud Computing
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Tesla’s surge inspires fans to buy, skeptics to dig in, drives fear of missing out – Source Reuters Tech News

NEW YORK (Reuters) – Pretty much everyone on Wall Street has an opinion about Tesla.

, Tesla’s surge inspires fans to buy, skeptics to dig in, drives fear of missing out – Source Reuters Tech News, iBSC Technologies - learning management services, LMS, Wordpress, CMS, Moodle, IT, Email, Web Hosting, Cloud Server,Cloud Computing

FILE PHOTO: A Tesla supercharger is shown at a charging station in Santa Clarita, California, U.S. October 2, 2019. REUTERS/Mike Blake/File Photo

The electric vehicle maker’s stupendous rally in recent months has given shareholders something to cheer about, cost short sellers billions of dollars and vindicated legions of retail investors who have long adored Elon Musk’s company.

Tesla shares have climbed nearly 320% since early June, helped by the company’s better-than-expected financial results and ramped-up production at its new car factory in Shanghai.

Another factor driving this week’s rally may be fund managers hurrying to raise their allocation of the stock, analysts said.

“A lot of advisors and institutions, they jump in the bandwagon because they don’t want to trail,” said vocal Tesla bull Ross Gerber, president and chief executive of Gerber Kawasaki in Santa Monica,…

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Source Reuters Tech News

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