Bulls have been wrong on this beat up stock many times before. Things are changing for the better and now the bulls might be right. They put a great deal of money on a bet after earnings came out.
It is almost inescapable to read any financial journal these days and not be confronted by the word “inflation”.
If we separate the underlying catalysts for current rise in CPI, we can determine that this is possibly a result of the economy reopening and nothing more sustained nor substantial.
Tesla, the best innovator with first mover advantage in EV space, gets all the attention. It has a lofty multiple while other auto makers were shunned. Recently, new products signal a change.