Tesla is a ‘stock you cannot fundamentally value,’ trader says. Here’s his strategy for its record climb

Tesla is a ‘stock you cannot fundamentally value,’ trader says. Here’s his strategy for its record climb

Tesla seems unstoppable.

The electric auto maker’s stock hit a record high for the fifth day in a row on Tuesday, adding to a practically relentless 223% rally since the market bottomed in March. Tesla’s $258 billion market cap now makes it larger than 97% of the S&P 500’s components.

Analysts at Barclays and Morgan Stanley who remain underweight the stock said Tuesday they see few near-term…

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