Tesla Inc.’s massive valuation has put it among the biggest firms making up the backbone of the US stock market this year. It’s also the biggest underperformer in that group, and there are signs Wall Street’s excitement is fading.
The EV behemoth stands out as the only one of the seven biggest companies in the S&P 500 Index — a group that also includes Amazon.com Inc., Microsoft Corp., Apple Inc., Alphabet Inc., Meta Platforms Inc. and Nvidia Corp. — whose estimated…
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