Tesla extends record winning streak after Evercore capitulates

Tesla extends record winning streak after Evercore capitulates
Esha Dey, Bloomberg News
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Tesla Inc. rose for an 11th day Friday, its longest winning streak, after Evercore ISI removed a sell rating on the stock for the first time in a year.
Shares rose as much as 8.4 per cent to a fresh record after analyst Chris McNally upgraded the stock to the equivalent of a hold, telling clients in a note that “whether we call it valuation confusion or valuation rotation, we have been on the considerably wrong side of Tesla for over a year now.” That came a day after RBC Capital Markets’ Joseph Spak said he got the stock “completely wrong.”

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