I realize this is political, but it is related to Tesla. I first posted it in the Market Politics thread. But posters there tend to focus on Politics and rarely on its relation to the Market.
That being said, it may be a partial explanation for today's pop in Tesla shares. If during the acceptance speech tonight there is significant mention of Green Energy, it will be interesting to see the reaction from Tesla shares tomorrow.
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WSJ - today: Green-Energy Shares Rise Along With Joe Biden’s Polling
Excerpt:
Investors betting that Joe Biden will win the presidential election are buying up clean-energy stocks, sending the share prices of some companies to all-time highs.
The WilderHill Clean Energy Index, a compilation of green-power companies listed on U.S. exchanges, surged to an over nine-year high Wednesday. It has climbed 33% since the beginning of July. Its biggest companies include First Solar Inc . and Tesla Inc .
" A Biden victory would add huge impetus to the transition" to a lower-carbon economy, said Simon Webber, a Schroders portfolio manager for global equities. "The growth outlook for electric vehicles, renewables, hydrogen power, battery storage and many more industries would be turbocharged."
That being said, it may be a partial explanation for today's pop in Tesla shares. If during the acceptance speech tonight there is significant mention of Green Energy, it will be interesting to see the reaction from Tesla shares tomorrow.
_______________________________
WSJ - today: Green-Energy Shares Rise Along With Joe Biden’s Polling
Excerpt:
Investors betting that Joe Biden will win the presidential election are buying up clean-energy stocks, sending the share prices of some companies to all-time highs.
The WilderHill Clean Energy Index, a compilation of green-power companies listed on U.S. exchanges, surged to an over nine-year high Wednesday. It has climbed 33% since the beginning of July. Its biggest companies include First Solar Inc . and Tesla Inc .
" A Biden victory would add huge impetus to the transition" to a lower-carbon economy, said Simon Webber, a Schroders portfolio manager for global equities. "The growth outlook for electric vehicles, renewables, hydrogen power, battery storage and many more industries would be turbocharged."