By Shalini Nagarajan
...Tesla stock (click here) rose as much as 5%. The electric vehicle maker's shares are up 603% year-to-date, boosted by its upcoming inclusion in the S&P 500 on December 21 and fading concerns about its ability to make profits.
Goldman's strategists wrote in a December 2 report that "the shift toward battery electric vehicle adoption is accelerating and will occur faster than our prior view."
They noted battery prices are falling faster than expected, while governments around the world are passing regulations that could entirely phase out higher-emission vehicles within 10 to 20 years. That, in turn, is improving the sales outlook for electric vehicles....
