Article Hero

Tesla to start 2021 trading at record highs

1609762409.jpg
Miguel A. Rodriguez
Miguel A. Rodriguez
04 January 2021
Tesla was rising close to 3% in premarket trading Monday, January 4, and expectations are high for the year’s first trading day.

After Tesla’s stock surged a whopping 700% in 2020, it seems the company will continue its incredible ascension. According to the markets, Elon Musk’s corporation will resume its record-smashing trend, with fresh highs on the horizon for Monday trading.

J.P Morgan analysts expressed their optimism regarding Tesla’s future: “We are raising our forecasts to reflect higher 4Q deliveries and reports of strong demand for the #ModelY in China, which is also suggestive of higher future deliveries,” they said in a note, cited by reuters.com.

Tesla beat Wall Street estimates for delivered vehicles

According to Refinitiv data, #Tesla delivered 499,550 #electric #cars in 2020, above Wall Street estimates of 481,261 vehicles. However, the number fell 450 units short of Chief Executive Officer Elon Musk’s target.

In its previous five quarters, Tesla has reported profits in an industry characterized by slumping sales, quarterly losses, and global supply chain disruptions.

According to Bloomberg estimates, Elon Musk, the world-renowned Tesla CEO, has quintupled his net worth since January 2020. Last year alone, he added $132 billion to his wealth, reaching the No. 2 spot among the world’s richest with a fortune of about $159 billion. #AMZN Jeff Bezos remains in the first place, with a net wealth of approx. $186 billion.

Sources: reuters.com, investing.com, Bloomberg.com, thestreet.com

This information/research prepared by Miguel A. Rodriguez does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. The research analyst primarily responsible for the content of this research report, in part or in whole, certifies that the views about the companies and their securities expressed in this report accurately reflect his/her personal views and consequently any person acting on it does so entirely at their own risk.The research provided does not constitute the views of KW Investments Ltd nor is it an invitation to invest with KW Investments Ltd. The research analyst also certifies that no part of his/her compensation was, is, or will be, directly, or indirectly, related to specific recommendations or views expressed in this report.The research analyst in not employed by KW Investments Ltd. You are encouraged to seek advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit that conforms to your specific investment objectives, financial situation, or particular financial needs before making a commitment to invest. The laws of the Republic of Seychelles shall govern any claim relating to or arising from the contents of the information/ research provided. 

Share this article

How did you find this article?

Awful
Ok
Great
Awesome

Read More

Miguel A. Rodriguez
Miguel A. Rodriguez
Financial Writer

Miguel worked for major financial institutions such as Banco Santander, and Banco Central-Hispano. He is a published author of currency trading books.