From agnostic sceptic to true believer. That’s how veteran CNBC commentator and equity investor, Jim Cramer, summed up his philosophical shift on Tesla (US:TSLA) last December. He’s not alone. The shares have skyrocketed – and been on quite a volatile ride in the process – as investors have tripped over themselves to get a piece of the action.
Tesla itself said 2019 was the turning point for the business. Many, though far from all, doubtful Wall Street analysts have been brought around too.