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It’s a company that’s as reviled as it’s loved, with a CEO who is similarly polarizing. But regardless of your opinion on Tesla Inc. and Elon Musk, what’s clear is that the electric-vehicle maker has had a very good 2020. Its shares have surged about 700% and made their way into the storied S&P 500 stock index. 

Warnings that the stock is expensive (it’s trading at about 170 times next year’s estimated earnings, compared with a multiple of less than 10 for rivals such as Ford and GM) have done little to curb the exuberance of believers who contend even more gains are in the offing. 

Read full article on Bloomberg