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Tag: Tesla

  • What TSLA Premarket Price Today Is Telling Us?

    What TSLA Premarket Price Today Is Telling Us?

    TSLA premarket price today displays a minor adjustment as of the last check, down by 0.81% to trade at $249.08.

    Anticipation is high as Tesla Inc (NASDAQ: TSLA) prepares to unveil its third-quarter 2023 financial results after the market’s close on Wednesday, October 18, 2023.

    On that occasion, Tesla will issue a concise advisory with a link to the Q3 2023 update, available through Tesla’s Investor Relations website.

    Tesla (TSLA) stood among premarket movers Nasdaq today after more than 1.5 million of its shares changed hand before market opens. TSLA closed the last session at $254.46 after getting a hit of 1.70% or $4.40.

    As we stand on the threshold of this earnings season, investors ponder whether these corporate results can help to steer the stocks out of their recent slump.

    Heading into the third quarter reports, market analysts foresaw earnings remaining on a plateau compared to the same period a year prior.

    As the sun heralds a fresh trading day, we find ourselves in an era of anticipation and growth. Let’s have a look at premarket movers this morning.

    TSLA premarket price today

    Advanced Micro Devices, Inc. (AMD), the ever-resilient chip giant, dances gracefully. AMD premarket price stands at $108.79, a jubilant ascent of 1.04% from its recent close.

    Zoom Video Communications, Inc. (ZM), the harbinger of connectivity, shines brilliantly. Radiating a remarkable 2.34% increase, Zoom premarket price is hovering around $150.

    General Motors Company (GM), the venerable automaker, embarks on a nuanced journey. GM premarket price of $56.78 is demonstrating a modest 0.12% dip. Apple Inc. (AAPL), the tech icon, spreads its wings.

    AAPL premarket share price is of $178.85 is exuding a positive energy which is up by 0.51%.

    Amazon.com, Inc. (AMZN), the titan of e-commerce, is also embracing the morning breeze but among the premarket gappers. AMZN premarket price is showcasing a tag of $129.79, down by a mere 0.45%.

    Indeed, the premarket scene unfolds as a symphony of optimism, where financial instruments awaken to new opportunities and aspirations, and premarket movers penny stocks are also no exception to that.

    Coming back to TSLA, we see that certain strategists hold the view that data exceeding expectations might usher in earnings that surpass previous concerns.

    Should this optimistic scenario unfold, it could serve as the next catalyst to invigorate the stock market.

    However, on October 2, Tesla shared a brief overview of its business, revealing that margins are likely to experience a decline during the third quarter, with further challenges expected in the last three months of 2023.

    This has left investors apprehensive about the need for more price adjustments to stimulate demand.

    In the third quarter, TSLA successfully manufactured over 430,000 vehicles and delivered more than 435,000 units. A sequential decline in production was attributed to planned downtimes for factory enhancements.

    Tesla’s 2023 objective, set at about 1.8 million cars, remains undisturbed. The electric vehicle maker sacrificed profit to boost sales of its aging vehicle range, especially amidst high interest rates and competition from China’s BYD.

    premarket gappers

    Investors eagerly await CEO Elon Musk’s plan to ensure the delivery of a record-breaking 476,000 cars in Q4 to reach the annual target of 1.8 million units. In October, Tesla had already reduced prices in the US for the Model 3 sedan and Model Y SUV.

    The previous month also saw price cuts for the premium S and X models, and a revamped Model 3 with extended range hit select markets. Nevertheless, the new Model 3 is yet to debut in the US, China, and Europe, with no defined timeline.

    The price competition, characterized by reductions exceeding 6% across various models during the July-September period, is likely to have diminished Tesla’s margins to a four-year low of 18.1%, excluding regulatory credits, as reported by nine analysts surveyed by Visible Alpha. This trend is expected to persist into the fourth quarter, with margins possibly falling below 15%, according to Wells Fargo analyst Colin Langan.

    Tesla deferred its Cybertruck launch event from September to the year-end, with Musk citing the technical complexity of the truck’s design as a key factor.

    Back in 2019, the company had initially projected a price point below $40,000 for the Cybertruck, but since then, electric vehicle prices have seen an increase.

    The TSLA Cybertruck is now expected to be priced around $49,900 for the single motor, approximately $59,900 for the dual motor, and likely $79,900 for the tri-motor, slightly higher than the Model Y, as anticipated by Gary Black, the managing partner of The Future Fund, which holds Tesla stock.

    Musk’s long-standing optimism regarding Tesla’s full-self driving technology and its potential to enhance Tesla’s value remains a focal point.

    Nonetheless, the company has grappled with persistently unmet targets for achieving this capability, as regulatory authorities continue to scrutinize the technology over safety concerns.

    TSLA premarket price

    In response, Tesla reduced the technology’s price by a fifth in August, and analysts suggest that further price reductions may be in the pipeline.

    Investors also await comprehensive details, including potential capital outlay, concerning the Tesla factory in Mexico’s northern state of Nuevo Leon, which Tesla announced in March.

    A senior Mexican government official recently stated that the facility’s final permits could be ready within weeks, and local authorities have commenced the infrastructure work requested by Tesla.

    FAQs

    What Is the Mean Trading Volume for Tesla Shares Before Market Open?

    The average pre-market trading volume for Tesla shares is 2.4 M over the past 30 days.

    It provides valuable insights into investor sentiment and market activity, serving as a critical indicator of early market dynamics and potential price movements.

    How Can Tesla Stocks Be Acquired at Their Most Economical Value?

    Investors seeking to acquire Tesla stocks at their most economical value should monitor market trends, leverage dollar-cost averaging, stay informed about company developments, and exercise patience to capitalize on potential buying opportunities.

    How Much Will Tesla Stock Cost In 2033?

    Predicting the precise future value of Tesla stock in 2033 remains elusive, as it hinges on multifaceted factors like market dynamics, innovation, and global economics.

    However, Expert analysis has been estimating a price target of $1,042 by the end of 2033.

    What Is Tesla’s Price-To-Earnings Ratio?

    Tesla’s Price-to-Earnings Ratio (P/E) reflects market sentiment toward the electric vehicle pioneer.

    As an innovator in sustainable technology, Tesla’s P/E ratio of 70.68 signifies investor expectations and potential for future growth in the ever-evolving automotive industry.

    What Is Tesla’s Most Budget-Friendly Vehicle?

    Tesla’s most budget-friendly vehicle is the Model 3, combining innovation with affordability, which is expected to be debut in 2024 with a price tag of $25,000 to $30,000.

    Is Tesla A Dividend Paying Company?

    Tesla, despite being renowned electric vehicle manufacturer, does not pay dividends.

    Instead, the company focuses on reinvesting its earnings into research, development, and expansion to drive innovation and sustainable growth in the electric automotive industry.

    How Much Does Tesla’s Eps Stand At?

    Tesla’s earnings per share (EPS) can fluctuate due to various factors affecting the company’s financial performance.

    TSLA’s 12-month EPS in the last quarter ended June 30, 2023 was $3.53, a 27.9% increase year-over-year.

    Where Does Tesla Sell the Most Automobiles?

    Tesla’s highest sales volumes are often concentrated in regions with strong demand for electric vehicles, including North America, particularly the United States, and Europe, where sustainability-conscious consumers embrace the brand’s innovative automotive technology.

    How Many Tesla Vehicles Were Retailed in The United States In 2022?

    In 2022, Tesla established a remarkable presence in the United States by retailing a staggering number of electric vehicles, contributing significantly to the country’s shift towards sustainable transportation. But Tesla does not provide regional breakdown of its global sales.

    Who Are Tesla’s Main Competitors?

    Tesla’s primary competitors include legacy automakers like Ford, GM, and BMW, alongside emerging electric vehicle manufacturers such as NIO and Rivian. The electric vehicle market continues to witness fierce competition and innovation.

  • Tesla Inc. Goes For Volumes Over Margins

    2022 saw Tesla Inc. (NASDAQ: TSLA) fall from its glorious highs into the humble territory. Owing to its severe shedding of market cap, the EV maker no longer ranks among the top ten companies in the world. Recently, it has been moving towards a different strategy to maintain its dominant market position.

    Tesla Slashing Prices in the US

    Tesla Inc. (TSLA) recently announced that it will be cutting down the prices of its vehicles sold in the US by 20%, putting its Model Y below $53,000. Investors have been discussing this shift across the markets, as it has two direct implications for the future of Tesla. Firstly, it qualifies that company for a $7,500 tax credit, under recent US regulations, which aim to bring electric cars into the mainstream, and within the affordability ranges of the masses. Secondly, the move also shows Tesla attempting to make a pivot towards a strategy that puts its sales volume above profit margins.

    TSLA Part of Wider EV Rally

    Throughout this week, the wider market has evidently remained largely optimistic with Tesla, as has been indicated in its price trend. On Monday, TSLA stock saw a single-day gain of 7.55%, which was part of a wider rally involving top EV players. Many in the market have commented that this bullish action comes as China begins reopening factories operating within the country. Similarly, there has also been a positive mood towards inflation, with the latest data, as investors feel the interest rate hikes have yielded effective results against the inflationary climate impacting the wider economy.

    Conclusion

    TSLA stock has had a rough year, most likely due to the fact that its previous highs reflected over-inflated trade multiples. The tumultuous 2022, with all its supply challenges and macroeconomic constraints, brought the stock crashing down in correction. Its recent pivot to prioritize volume over sales may be a rescue option to consider.

  • Five Top EV Stocks to Buy Right Now

    The push towards electrification and decarbonization has never been more apparent. With governments and international institutions on the same page as climate change activists, the targets collectively set seem almost like an inevitability. One area where we see this trend clearly reflected is in the growth of electric vehicle battery companies in recent years. What was once considered an unfeasible niche technology has seen rapid development and is on the verge of taking over the mainstream. With this growing momentum in this area of high promise, investors are faced with a stellar opportunity to gain big.

    Any market participant with some degree of foresight would confirm that riding this wave would result in monumental growth in the foreseeable future. This article aims to shed light on some of the most promising names within this domain. These five EV battery stocks are the best picks you could go with to ensure stellar capital growth.

    Lithium Americas Corp

    Up first is the Canadian emerging star, Lithium Americas Corp., (NYSE: LAC). The company is based in Vancouver, Canada, and currently oversees projects in both Nevada and the Argentinian province of Salta. LAC is crucial in the EV battery market, as it supplies lithium, a critical component in EV battery technology.

    LAC is a great example of how the EV industry has outperformed the wider market, amidst the wider uncertainties that have caused even giant corporations to plummet. Where the wider S&P 500 fell by almost 8% in the last 12 months, LAC climbed by an impressive 70%. This was in large part due to the fact that LAC supplies predominantly to firms developing EV batteries. Although this growth eventually flattened out, there is ample reason to anticipate an oncoming growth surge.

    The state of California recently introduced a lithium tax for all producers operating within the state. California presently holds most of the renowned lithium companies, which could see EV battery prices surging in the future. Lithium Americas, however, which holds its American facility in Nevada, turns out to be one of the few companies to avoid this significant tax. As a result, EV battery producers are likely to turn to LAC, in order to maintain their cost advantage. LAC stands positioned to see a huge wave of demand, as a result.

    For investors looking to get in on the EV battery growth wave, LAC is a great starting point for portfolios. As a critical supplier to the industry with a heavy competitive advantage, the stock is likely to soar and would easily make its place in top EV stocks.

    FREYR Battery

    Next up on our list is FREYR Battery (NYSE: FREY), which is based in the Western European country of Luxemburg. If there was one stock you’d bet on as a future global leader in the EV battery market, we’d urge you to go with FREY. FREY stands as perhaps one of the most ideally positioned stocks to capitalize on the EV battery boom that will inevitably take place.

    The core competitive advantage that FREY holds lies in its technological differentiation through the use of its sophisticated and innovative manufacturing approach. The company uses the 24M technology approach in developing EV batteries, which keeps its battery prices competitive, yet simultaneously makes its products some of the greenest and most sustainable across the market. The technology was the product of a spinoff by researchers at MIT, which was later acquired by FREY.

    Location-Based Advantage

    In addition to the disruptive innovation that the company benefits from, it also has one of the most optimal and sustainable locations. With its facilities based in Europe, the company is ideal in terms of its supply chain, when catering to one of the largest EV battery markets. European market participants have emphasized the need for European supply chains, as opposed to a reliance on Asia-based suppliers. This further adds to the cost-benefit associated with FREY and makes it a great pick in the wider context of Europe rethinking its energy security strategy.

    Although the company has focused primarily on research and development yet and is still in its pre-revenue phase, analysts anticipate a growth explosion to be imminent. According to analyst consensus, the company will deliver annual revenue of $8 million by the end of the year, which will then grow up to $2.3 billion by the end of 2025. This upward potential of such magnitudes remains highly impressive.

    A stock with so many positives, and so ideally positioned can only reach for the skies and it would remain in top EV stock for the long run. FREY is a great buy for any investor looking to gain from the EV battery sector.

    Albemarle Corporation

    Up next, we present the global specialty chemical giant, Albemarle Corporation (NYSE: ALB). As a lithium supplier, Albemarle caters to several different domains within the market, yet its segment which supplies components to EV batteries remains the most attractive. ALB is poised to dominate the EV battery space on account of the cost advantage it holds, as a result of its diverse portfolio of lithium derivatives.  Due to this, the company’s business is well hedged against the volatilities of the wider lithium market. This is what makes Albemarle a great choice for EV battery makers, who prefer to maintain cost-effectiveness for its end consumers.

    This business strategy has enabled ALB to see spectacular growth in recent years. In just the first quarter of 2022, the company achieved an incredible 165% earnings growth. It had managed to deliver earnings per share of $2.38, against the analysts’ expectations of $1.65. In addition to delivering you exposure to the booming EV battery market, ALB is also great for those looking for profit distributions. The company has increased its dividend payments without fail, for the last 25 years, in a consecutive manner. This is also a testament to the improving profitability the company has enjoyed over the years. With the burgeoning EV battery market, there is no stopping ALB from its growth ambitions.

    Tesla Inc

    The fourth stock on our list is the king of this domain itself, Tesla Incorporated (NASDAQ: TSLA). Tesla, under the leadership of the internet’s favorite billionaire Elon Musk, has been known for its innovation-oriented business approach. The company has not just been at the forefront of revolutionary electric vehicle design but has also made huge strides in battery chemistry. To further reinforce the company’s interest in taking the lead in the EV battery space, we look to its agreement with the Chinese battery cell producer, Gotion High-Tech, in late 2021. Moreover, a similar agreement was entered into with the Australian graphite miner, Syrah Resources.

    While these agreements are promising, the most significant for Tesla has been its partnership with the Michigan startup, Our Next Energy. The company installed its prototype battery into the Tesla Model S, which allowed it to drive a whopping 750 miles without the need for a recharge.

    These series of moves indicate that Tesla is fully aiming to take EV battery technology to the next level, and in the process, establish itself on the EV throne, by conquering every domain. Buying TSLA now could likely result in a highly robust portfolio in the future. The company is presently considering a three-for-one stock split, making its stock far more accessible to every participant in the financial market.

    Panasonic Corporation

    The final stock on our list, yet far from being the least is the globally renowned Japanese electronics company, Panasonic Corporation (OTC: PCRFY). Panasonic is most well-known for its household electronic appliances and other devices. Few however know that the company is one of the most significant names in the EV battery space.

    Panasonic is in fact an EV battery supplier to Tesla itself, which tells us the standard of battery the company is working with. The Panasonic management has recently revealed its strategic goals of further driving down costs of its EV batteries, which would ultimately result in its market share expanding significantly. In this spirit, the company owns a 49% stake in its joint venture with Toyota motors, in its efforts to develop prismatic, lithium-ion batteries.

    In the second quarter of 2022, Panasonic’s automotive segment, through which it supplies its EV batteries, saw an almost 30% year-on-year increase. This points to the financial promise that the company’s EV battery technology holds. It already enjoys the advantage of its globally renowned brand image, which eases with market penetration.

    Given all these points of strength, we here at Stocks Telegraph are confident about the potential Panasonic holds in the EV battery sphere. For anyone aiming to ride the EV battery boom, Panasonic is a must-have for your portfolio.

    Conclusion

    The EV battery market is at the forefront of the global transition towards electrification and decarbonization. For this reason, the market has been quick to restructure itself along these lines, with demand for these stocks seeing a spectacular rise. As EV batteries continue to become more energy efficient and less costly, their market growth potential surges. Each of the stocks mentioned contains an immense financial promise, and each is uniquely well-suited to see stellar growth in the short to long-term future. This class of stock offers unparalleled growth opportunities, which would enable investors’ portfolios to fly high in the short to long-term future.

  • Best EV Stocks to Buy Now

    Best EV Stocks to Buy Now

    When we talk about the Electric Vehicle or the EV stock market, what’s the first thing that pops into your mind? Tesla Inc (TSLA) might be the company that comes to your mind if you have kept up with the mainstream trends around EV. That’s because we have heard about Tesla as the world leader and pioneer of the electric vehicle market.

    And we have heard about Elon Musk, the CEO of Tesla, who launched the TESLA Roadster into space as one of the most phenomenal marketing tactics ever. And if you have heard of Tesla, chances are, you have heard about the Chinese EV company NIO that is fiercely competing and trying to emerge as an EV leader in China.

    However, if you are looking to invest in the EV market, you need to take few steps back from what the mainstream topics and trends are telling you. According to a new market research report, the EV market is growing and is only in the nascent stage despite being a $1656.9 billion worth global market. The EV market is expected to grow at a compound annual growth rate of 33.6% from 2020 to $2495.4 billion in 2027.

    Before we dive into the top EV stocks you can invest in let’s take a look at what is driving the growth of these EV stocks.

    Researching the few fundamentals and variables driving this growth in the EV market can help us a long way in deciding how and which EV stock we should invest in.

    So the main phenomenon that is driving the Electric Vehicle market includes the global drive towards green energy and sustainable zero emissions. Governments and world leaders are creating favorable policies and regulations regarding EV adoption. The free market has played a role in reducing the cost of sourcing batteries. The OEMs are investing heavily to create a profitable business in the EV landscape.

    However, there are some caveats to this growth. The scalability and standardization of the EV market are fragmented in countries and regions of the developed part of the world. The development of EV infrastructure and favorable economic conditions are yet to be globalized. Furthermore, there are very different EV portfolios in the EV stock market based on the electric vehicle and propulsion type of the EV.

    Ford Motor Company (F)

    So let us begin now with the EV stocks! The first on our list is Ford Motor Company (F). We have chosen Ford because of its legendary reputation in the car industry and its shift towards Electric Vehicles. With a market of $58.6 billion, Ford has a diverse and robust strategy for the electrification of its automotive operations. The company’s recent Ford+ (plus) plans expect to generate almost half of its global sales through EV by 2030.

    Furthermore, the company aims to invest more than $30 billion through 2025. One other primary reason that makes Ford’s EV portfolio more attractive is that the company has revealed its three most iconic EV products, which include the elite sports and passenger vehicle- The Mustang Mach E, all-electric and available in the market. Then comes the F-150 Lightning series, which is an all-electric pickup truck. This vehicle caters to the class B vehicle segment. And third is E-transit, an all-electric van that caters to the fleet performance requirement and light commercial vehicle segment.

    This diverse portfolio, along with the Ford company’s scalability power, will allow it to carry its powerful ICE automotive reputation while switching its profitability through the EV market.

    NIU Technologies (NIU)

    The second stock on our list is known as NIU Technologies (NIU). It has a market cap of $2.454 Billion and has seen impressive growth for the past two years. The company, since its inception, had grown in value by roughly 250% since its IPO in October 2018. We chose NIU stock for our pick in the top growing EVs because it picks up a certain niche in the large addressable market of EVs. This niche corresponds to the manufacturing of electric smart scooters and pedal bikes and is a less crowded market with many potentials. NIU caters explicitly to this niche demand in one of the largest growing EV markets: China.

    NIU generated sales of around $85.6 million in the first quarter, which is a 135% year-over-year growth. Despite the dip in the EV market in May, NIU also lost 10.8% of its stock value, and it still sold 149,649 electric scooters in Q1. Out of which 97% of the sales came from the Chinese market. NIU stock has a compound annual growth rate of 7.7% for the next decade, and despite the growing competition, it is still expanding to the rest of the Chinese market.

    Hyliion Holdings Corporation (HYLN)

    Third, on our list is an eccentric EV stock called Hyliion Holdings Corporation (HYLN). It is a $1.964 billion company run by a 28-year-old CEO known as Thomas Healy. Last year, the company went public through a SPAC deal with Tortoise, and since then, it had seen volatility in price during 2020, fluctuating from $10 to $50 and back to $10. However, we chose HYLN stock because this company caters to the deficiencies and limitations in the EV market that we talked about. The charging station and ports availability limitation makes it hard for EV vehicles to sustain their range, especially for Heavy-Duty trucks or Class 8 trucks.

    Thomas Healy has taken a page from Elon Musk’s book and has turned this limitation into an opportunity for innovation and drive towards a niche. This niche specifically caters to the needs of the 8th Class trucks by transforming them into what Hyliion calls Electrified Powertrains.

    Electrified Powertrains is the concept where Hybrid energy engines power class 8 trucks; they are electric engines that also have backup natural or hydrogen gas generators for creating electricity. Its EV battery next-generation module with quicker recharging and 40% more effective battery cooling technology reflects growth and innovation in its Hypertruck ERX production line. Hyliion took this approach to bridge the gap between the lack of electric recharging availability and heavy-duty trucks’ long-range requirements.

    With 700 natural gas stations all over America, according to Hyliion, this is a better approach than consuming gasoline and more efficient than having full electric trucks with no range. According to the company, the niche has a total addressable market of $800 billion and 8 million trucks.

    For the year 2021 and beyond, there are bullish signals for the EV market. Hyliion will continue to flourish in this underdeveloped niche market as long as EV charge and range limitation exists. The company’s estimation of revenue growth from $8 million in 2021 to more than $2 billion in 2024 does not look far-fetched from this point of view.

    NIO Inc (NIO)

    Fourth on our list is NIO Inc (NIO). The market value of the company is 83.410 Billion. Yes, we did mention NIO stock as a mainstream stock initially, but the growth of this EV company is uniquely undeniable and is stealing Tesla’s thunder. Analysts, bureaucrats, and even Elon Musk admitted that China is expected to be the biggest market for Tesla, with 41% of China’s global EV market share. However, the recent US-China relations have deteriorated.

    The rug has been pulled from under Tesla as China has recently implemented bans on government authorities having ownership of Tesla and banned Tesla vehicles from government compounds and agencies. This leaves the Chinese market all for NIO to grab since no one takes the throne second in China.

    Moreover, the company is entering the Norwegian Market as well; thus, now expanding and growing far beyond its border. The sales of the Chinese EV champion have leaped over 95% year over year and have forecasted 21000-22000 EV car deliveries from the current quarter. Apart from the general trend and sentiment of the EV market’s growth, NIO enjoys an edge for the market share capacity and space given due to these geopolitical tensions. Bloomberg NEF believes that EV sales are expected to grow from 1.7 million in 2020 to 54 million in 2040, in which China would represent sales share accounting 18 million.

    Global X Autonomous & Electric Vehicles ETF (DRIV)

    The final EV pick on our list is an ETF known as Global X Autonomous & Electric Vehicles ETF (DRIV). This ETF was picked by us majorly for investors out there that want to dive into the EV stocks but don’t know where to start. This $900 million market cap of DRIV ETF gives a diversified exposure to investors in the EV market. It has a total deep portfolio of 76 stocks and has an expense ratio of approximately 0.68%.

    DRIV does not only consist of pure Electric Vehicle play but consists of the overall plug-in car play. Plug-ins mean that it includes Autonomous Vehicles, Hydrogen Fuel Cars, Hybrids; therefore, it depends on the EV fuel propulsion and reduces the volatility and limitation of the EV pure-play investment and market. The Price to Equity ratio shows a very reduced premium compared to the over 900% increased share prices of Tesla and NIO. DRIV has shown a CAGRof 23.76% since its initiation.

  • 30+ Best Performing Stocks in Last 10 Years

    30+ Best Performing Stocks in Last 10 Years

    Investing in stocks is quite risky but actually, it is not that risky if you have long-term prospects. The thing which matters the most is your research and knowledge about that particular stock in which you want to invest.

    There is a myth that the stock market is a gambling game and that’s why most people feel shy to make their own decisions regarding purchasing the shares of the particular stock without the advice of a broker or someone else.

    Detailed analysis of company fundamentals, balance sheet, its growth over the years, and developments make it easy for the investor to decide whether to buy the shares of that particular stock or not.

    Let’s talk about five best performing stocks today that showed impressive growth over the last ten years.

    Top 5 Best Performing Stocks in the Last 10 Years

    1. Tesla, Inc. (TSLA)

      The number one best performing stock we have on our list is Tesla (TSLA). The United States-based company is engaged in the development of Electric vehicles and energy generation.

      Tesla has shown extraordinary growth over the last 10 years and generated billions of dollars over the years.

      The last fiscal year’s revenue for the company was close to $36 billion representing a more than 38% increase over the year.

      The TSLA stock value has improved by approximately 10,145% in the last decade which is breathtaking indeed.

      So, if you had invested $1000 in Tesla stock in May 2011, you would have approximately $102,459 in 2021.

      It is an undeniable fact that Tesla CEO Elon Musk had put a great effort to achieve this success. He made impossible things possible and bravely faced criticism.

      In an event of revealing Model S beta in 2011, a vehicle that could go from 0 to 60 mph in 4.5 seconds, Musk replied to the criticism of oil companies by saying.

      “You had the opportunity to ride a unicorn.”

      On February 9, 2012, the Model X prototype was revealed which got advance sales of more than $40 million. On June 22, 2012, Tesla made its first delivery of the Model S.

      In 2014, Autopilot hardware was added to Model S. In 2015, a giant battery for Home was revealed by Tesla. The first mass-market car prototype was introduced.

      Solar City was purchased worth $2.6 billion and Grohmann Engineering firm was also bought by Tesla. A Semi truck was introduced in 2017 which also had self-driving capabilities.

      In 2019, Tesla Model Y and Cybertruck were introduced. In 2020, Tesla Model S became the first electric vehicle to get an EPA-rated 400-mile range.

      Now, Tesla has a market cap of $555.4 billion and a cash balance of $19,622 million by the end of 2020.

    2. NVIDIA Corporation (NVDA)

      The second best performing stock in the last 10 years on our list is NVIDIA Corporation (NVDA). The company is mainly operating in two segments.

      One is Graphics and the other one is Compute & Networking. The recent fiscal year revenue for NVIDIA Corporation was $16,675 million which shows 52.73% growth over the year.

      NVDA stock has shown 3,258% growth in the last ten years. So, an investment of $1000 made in 2011 in NVDA stock converted to 33583$ in 2021.

      Since the company was founded in 1993, it was well established till 2011 as it shipped 1 billion graphic processors at that time.

      In 2012, it launched powerful Tegra 3-based tablets and smartphones. Tegra 4 family was introduced in 2013 by NVIDIA.

      Android gaming reached its peak in 2014 via the launch of TEGRA K1, SHIELD TABLET. NVDA stock made significant development in the areas of Artificial intelligence and deep learning.

      In 2017, the AI supercomputers were powered by Volta GPU architecture by NVIDIA stock. Computer graphics were reinvented by NVIDIA using Turing architecture NVIDIA.

      New Datacenters, autonomous vehicles, and pro graphics markets were introduced in 2019. NVIDIA Ampere GPU architecture was introduced in 2020.

      NVIDIA now has a market cap of $362.3 billion and had Cash & Short-Term Investments of $11.561 million by the end of January 2021.

    3. MarketAxess Holdings Inc. (MKTX)

      The third best performing stock in the last 10 years is MarketAxess Holdings Inc. (MKTX) stock.

      MarketAxess Holdings was founded in 2000 and currently is the leading trading platform for fixed-income securities.

      The MKTX stock generated 689,125 million revenue for the fiscal year 2020 and showed 34.77% sales growth over the year.

      The growth percentage for MKTXstock for the past ten years is 2201% which means that the investment of $1000 in 2011 has reached approximately 23013$ in 2021.

      Over the years, Market Access has built a strong and diverse workforce and supported many organizations in the COVID-19 area.

      The interesting thing about this stock is that its business model requires little capital and generates plenty of cash in return.

      The company has a current market cap of $17.2 billion and had total assets of $1,331 million by the end of 2020.

    4. Align Technology, Inc. (ALGN)

      The fourth best performing stock we had in the last 10 years is Align Technology, Inc. (ALGN). It is a medical device company founded in 1997.

      The company is engaged in the designing, manufacturing, and marketing of Invisalign clear aligners and iTero intraoral scanners and services for orthodontists and general practitioner dentists.

      ALGN stock revenue for the fiscal year 2020 was $2,472 million representing yearly growth of 2.71%.

      Though the fiscal year 2020 performance was not that much high as the market focus was shifted to COVID-19 related stocks.

      But ALGN showed overall good performance over the last 10 years. ALGN stock grew by 2192% over the past 10 years.

      So, if you invested $1000 in 2011 in Align Technology stock, you would have $22918 million by May 2021.

      In 2011, the company acquired iTero intraoral scanner due to which more than 7.5 million restorative crown, bridge, and custom implant cases have been done so far and more than 10.2 million patients got treated by the company.

      The company has a large network as doctors from more than 100 markets around the globe use the Invisalign system and iTero scanners.

      ALGN stock has a market cap of $46.5 billion and had cash of $961 million at the end of 2020.

    5. Amazon.com, Inc. (AMZN)

      The fifth best performing stock in the last 10 years in our list is Amazon.com (AMZN).

      It is the world’s leading eCommerce platform where more than $17 million in sales occur in one hour according to recent estimates.

      AMZN stock recorded $386,064 million in revenue for the fiscal year 2020 and its sales growth increased by 38% over the year.

      The stock performance in the past 10 years is quite satisfactory as it grew by 1508%. So, an investment of $1000 in 2011 means $16076 in 2021.

      COVID-19 has greatly benefitted the eCommerce business, and this is the reason that AMZN sales growth increased significantly in the recent year and is likely to increase more in the future.

      The CEO of Amazon Jeff Bezos is the richest person on Earth so far having a net worth of $188.5 billion.

      The company has a market cap of 1.63 trillion and had Cash & Short-Term Investments of $84,653 million by the end of 2020.

    Top 30 Stocks of the Decade

    1. Meta Platforms

      Meta Platforms (META) is among the most phenomenal stocks, thanks to the impressive Quest 3 VR headset launch.

      With rave reviews, a sleek design, and an affordable starting price of $499, it outshines Apple’s costly offering.

      Trading at 20x 2024 EPS targets, Meta’s strong product roadmap and potential for profit make it an enticing investment in the booming Metaverse and AR/VR market.

    2. Netflix

      Netflix (NFLX) is a standout among the best performing stocks, with a remarkable 115% rebound. It remains undervalued despite its strong growth potential.

      With diverse content, a global audience, and a growing subscriber base, Netflix is set for double-digit revenue and EPS growth. Technical indicators signal further upside.

    3. Salesforce

      Salesforce (CRM) has become one of the best performing stocks today in the software space due to its ability to generate added value through strategic acquisitions, such as Tableau and Slack.

      Despite a conservative revenue outlook, their focus on profitability and projected 42% YoY growth in adjusted EPS make it an attractive investment. It trades at a relatively lower P/E ratio compared to peers like Microsoft.

    4. Alphabet Inc.

      Alphabet Inc. (GOOG) is among the best performing stocks due to smart acquisitions like YouTube, which now generates nearly $40 billion in revenue.

      Their cloud division, Google Cloud, is gaining momentum with positive operating income in 1Q23.

      Analysts suggest a potential valuation range of $1,635 to $1,850 billion, exceeding the current market cap of $1,576 billion. It’s a promising long-term investment.

    5. Microsoft

      Microsoft (MSFT) is among the best performing stocks today. Its dominance in AI is evident through investments in OpenAI and the integration of AI algorithms into its products.

      Analysts project a potential $100 billion revenue uplift in 2027. Despite its high valuation, the stock has upside potential, with a bull case price target of $440.

    6. Airbnb

      Airbnb (ABNB) stands out as one of the best performing stocks today. With its leadership in alternative accommodations, a strong brand, and a huge underpenetrated market, Airbnb has a significant growth runway.

      Its estimated fair value of $201 against its current price of $125 offers an undervalued investment opportunity.

    7. ON Semiconductor

      When it comes to investing in the automotive semiconductor market, ON Semiconductor (ON) stands out remarkably.

      With a wide range of solutions for electric vehicles (EVs) and a leading position in silicon carbide technology, ON is positioned for growth.

      They target a sales CAGR of 10-12% from 2022 to 2027, and their SiC-related solutions aim for a 70% CAGR. Exciting times are ahead!

    8. Academy Sports and Outdoors

      Academy Sports and Outdoors (ASO) is among the best-performing stocks despite a recent 25% price drop.

      With a Total Addressable Market (TAM) of $175 billion and a CAGR of 7.9%, ASO has immense growth opportunities.

      Its strong store growth plan, high store productivity, improved e-commerce, and focus on customer experiences contribute to its success. With a cheap valuation and a 50% upside potential, ASO is a compelling “Buy” opportunity.

    9. Texas Instruments

      Texas Instruments (TXN) has rewarded loyal shareholders by being a top performer in the last 10 years. Though the share price has been flat since 2021, this is common in a cyclical industry like semiconductors.

      With its #1 position in analog chips and impressive 25% CAGR dividend growth, TXN is a stable and profitable choice.

    10. Fanuc Corporation

      Fanuc Corporation (OTCPK: FANUY) is an intriguing stock pick. Despite a short-term earnings decline of -18.3% in FY 2023, its ROBOT division achieved remarkable +42% sales growth in FY 2022.

      Additionally, the FA division has growth opportunities in Europe and India. With a hold rating, FANUY offers long-term potential for investors.

    11. PayPal

      PayPal (PYPL) is one of the best performing stocks today.

      Its strong business model with over 35M merchants and 400M consumers, along with its branded checkout and payment processing services, make it an attractive long-term investment.

      In Q1 2023, it had $63 billion in total payment volume and 190 million monthly active users.

      With its market leadership, growth potential, and recent cost reduction initiatives, PayPal offers an enticing opportunity for investors.

    12. Walt Disney

      Walt Disney (DIS) is among the best performing stocks due to its strong assets and long-term prospects.

      Despite a weak stock performance and a higher valuation compared to peers, the company’s forward PEG ratio of 1 shows some balance.

      While facing challenges such as the CFO exit, box-office performance, writers’ strike, and overall content costs, Disney’s focus on its parks and experiences can drive revenue and support the company’s turnaround.

    13. Alibaba

      Alibaba’s (BABA) cloud division, despite a recent 2% decline in revenue, has shown potential with a past 62% YoY growth rate. The upcoming spinoff and increased management focus indicate a brighter future.

      With a valuation that seems favorable, Alibaba stock presents a good growth option, especially considering the possibilities of its cloud division.

    14. Ford

      Ford Motor Company (F) has shown strong growth potential with a recent 20% month-over-month surge.

      Factors supporting its stock include decreasing U.S. credit risk, a positive inflationary environment, efficient operational performance, and government support for its electric vehicle segment.

      With undervalued valuation metrics and a dividend payout, Ford’s stock appears promising for investors.

    15. Duke Energy

      Duke Energy (DUK) is one of the best performing stocks today, with a strong track record of dividend growth and steady financials.

      Revenue increased by nearly 30% in the past decade, and the company aims for 5%-7% annual EPS growth. With a current dividend yield of 4.5%, Duke Energy offers stable income and potential for future growth.

    16. CleanSpark

      CleanSpark (CLSK) is a top-performing stock with a focus on clean Bitcoin mining and advanced energy solutions. Recent acquisitions have added a significant hash rate at a great value point.

      Q2 2023 revenue of $42.5 million, increased mining output, and undervaluation compared to peers make CleanSpark an attractive investment choice for potential growth.

    17. Kratos

      Kratos Defense & Security (KTOS) shines as one of the best-performing stocks. Positioned to benefit from combat drones, KTOS offers exposure to expanding defense sectors and potential long-term upside.

      With projected 2023 sales of $220-225 million and improving margins, it’s an exciting investment for those looking for growth and profitability.

    18. Axcelis Technologies

      Axcelis Technologies (ACLS) has skyrocketed an impressive 2,400% in the last decade, thanks to its strong financial performance.

      With a 19% revenue CAGR, excellent profitability, and resilient growth momentum, ACLS is a compelling buy.

      Despite a recent rally, the stock’s potential for double-digit revenue growth and solid balance sheet position it for further success.

    19. DuPont de Nemours

      DuPont de Nemours (NYSE: DD) shines as a top-performing stock with diverse revenue streams and a growing healthcare business.

      Although currently overvalued with a low dividend yield, patient investors can wait for a pullback to around $57 for a 2.5% yield. Watch for promising growth in DuPont’s healthcare sector and potential long-term returns.

    20. InfuSystem Holdings

      InfuSystem Holdings, Inc. (NYSE: INFU) has seen a strong price surge of ~23% since November, indicating good returns in a short time.

      Re-inclusion in the Russel 3000 index triggered significant buying, and partnerships with GE Healthcare have fueled revenue growth.

      However, caution is advised as operating profit has declined gradually. Hold INFU for potential gains.

    21. Cameco Corporation

      Cameco Corporation (CCJ) is a top-notch stock of the decade due to its expanding nuclear business. It supplies uranium to electric utilities worldwide and recently acquired 49% of Westinghouse Nuclear.

      With uranium prices doubling since the 2020s and positive financial performance, CCJ is well-positioned to benefit from the growing demand for nuclear power.

    22. Broadridge Financial Solutions

      Broadridge Financial Solutions (BR) is another top-tier stock on our list.

      With robust revenue growth and increasing profitability, it has delivered a remarkable 988% total return since 2007.

      Despite a premium valuation, its comprehensive data provision and trade processing services position it for continued growth and potential returns for investors.

    23. Arch Resources

      Arch Resources (ARCH) is among the best performing stocks today due to its solid financials.

      With Q1 adj. EBITDA of $277 million and beating sales volume estimates, the company showcases resilience in the coal market.

      Their commitment to shareholder returns is evident with a quarterly DPS of $2.45 and a net cash position of $70 million.

      With a low EV/EBITDA multiple and a positive outlook for met coal, Arch is positioned for long-term growth.

    24. Nike

      Nike (NKE) is an incredible stock with a strong brand and competitive advantages. Their hyped sneakers and collaborations showcase pricing power.

      Despite temporary challenges, they maintain a 10% profit margin, generate $3.79bn in free cash flow, and have a robust balance sheet. Buying at a discounted price presents long-term growth potential.

    25. Altria Group

      Altria Group, Inc. (MO) is a great stock due to its consistent improvement in assets and cash flow, despite warnings about cigarettes.

      With a single-digit P/E, strong financials, and a dividend yield of over 8%,  Altria offers valuable long-term investment potential.

      The company’s targets for earnings and dividend growth, along with its focus on smokeless products, further support its positive outlook.

    26. Coca-Cola Consolidated

      Coca-Cola Consolidated (COKE) stands out as one of the best performing stocks today with a 4x outperformance compared to the S&P 500.

      With strong fundamentals, impressive margins, and a 12% increase in sales, COKE proves to be an attractive investment, despite its low dividend yield.

    27. JD Sports

      JD Sports (OTCPK: JDSPY) stands tall among champion stocks in the UK market, delivering impressive returns.

      Despite its physical retail presence, JD Sports thrives on the demand for sportswear, global expansion, and its omnichannel strategy.

      Its revenues of £10 billion and profits of £226 million in its latest year, poise it for continued growth.

      With strong financial performance, ambitious growth plans, and an attractive valuation, JD Sports offers good value for investors.

    28. Adobe

      Adobe (ADBE) is among the best performing stocks today due to its impressive financial performance and growth prospects.

      With Q1 revenue up 9.4% YoY and solid operating leverage, the company is gaining a share in the creative software market.

      While the valuation is fair, its long-term positive outlook makes it a strong contender for investment.

    29. Gerdau S.A.

      Gerdau S.A. (GGB) is a leading long steel producer in the Americas and has emerged as one of the best performing stocks today.

      Despite recent underperformance, its low P/E multiple and strong dividend issuance make it attractive. With improving profitability and a 23% FCF yield, Gerdau offers great value.

      Its sustainable practices and diverse operations add to its appeal. Invest with confidence!

    30. Zscaler

      Zscaler (ZS) stands out as one of the best performing stocks today. With its cybersecurity solutions in high demand, the company addresses the critical need for secure cloud access.

      Zscaler’s impressive revenue growth of 52% YoY and solid customer expansion highlight its market presence.

      Despite the heavy investment in R&D and stock-based compensation, the company’s strong financial position and promising future profitability make it an attractive investment for growth portfolios.

    Lessons and Insights from The Best Performing Stocks

    It is important for investors to discover the valuable lessons and insights derived from the remarkable success of the best performing stocks over the past decade.

    Lessons and Insights from The Best Performing Stocks

    We have listed some of these lessons below to gain a deeper understanding of the factors that have propelled these stocks to greatness in this informative and engaging section:

    • Embrace Innovation

      The best performing stocks of the past decade have consistently embraced innovation. Investing in companies at the forefront of technological advancements can yield significant returns.

    • Tech is King

      Technology has been a driving force behind the success of many top stocks.

      From artificial intelligence and cloud computing to e-commerce and digital transformation, technology has reshaped industries and created enormous opportunities for investors.

    • Adapt to Market Dynamics

      Successful stocks have shown the ability to adapt to changing market dynamics. Flexibility, agility, and the ability to pivot strategies have been crucial for sustained growth.

    • Long-Term Perspective

      Many top-performing stocks have rewarded patient investors. Long-term thinking allows for riding out short-term volatility and capitalizing on the compounding effects of consistent growth.

    • Focus on Quality

      Quality companies with strong fundamentals and competitive advantages tend to outperform in the long run.

      Thorough research, analyzing financials, and understanding the company’s unique value proposition are essential.

    Common Characteristics Among the Top Performing Stocks

    So, you might be wondering, what sets the crème de la crème of stocks apart from the pack? Worry not, because we have you covered.

    One essential factor is a strong leadership team, guiding the company with vision, strategic acumen, and a track record of success.

    These stocks often thrive in industries poised for significant growth, capitalizing on emerging trends and consumer demand.

    Another crucial aspect is commanding market share, establishing a dominant position that offers a competitive edge.

    Additionally, strong sales growth reflects their ability to capture market demand and generate consistent revenue.

    This is true for the best performing penny stocks as well, which are typically prone to volatility. Lastly, a large target market provides ample room for expansion and sustained profitability.

    Uncover these winning traits and set yourself on the path to investment success in this thrilling era of possibility.

    Risks and Considerations

    When seeking to invest in the top stocks of the last decade, it’s important to keep in mind the following risks:

    Risks and Considerations

    • Past Performance ≠ Future Performance

      Just because a stock performed exceptionally well in the past doesn’t guarantee it will continue to do so in the future. Market conditions can change, and new winners may emerge.

    • Market Dynamics Evolve

      The last decade may not resemble the next one. Industries and trends shift, and what worked before might not be as successful moving forward. Keep yourself informed and shift the gears of your investment strategy accordingly.

    • Economic Uncertainty

      Economic downturns and recessions can impact even the strongest stocks. Consider the broader economic landscape and how it might influence the performance of your chosen investments.

    • Disruptive Innovations

      Technological advancements and disruptive innovations can reshape industries overnight. Keep an eye on emerging technologies and how they might disrupt the market landscape.

    • Competitive Landscape

      The competitive environment can shift rapidly, with new players challenging incumbents. Assess the competitive landscape of the stocks you’re considering to understand the potential risks of losing market share.

    The Importance of Diversification and Ongoing Analysis

    Let’s talk about two essential elements in your investment journey: diversification and ongoing analysis. These are your most crucial tools for the investing game, always ensuring your financial well-being.

    Diversification is like spreading your investment eggs across different baskets. It helps protect you from the ups and downs of individual stocks or sectors.

    The Importance of Diversification and Ongoing Analysis

    By diversifying, you can balance potential gains and losses and reduce the impact of any single investment’s performance.

    Also don’t forget about ongoing analysis! Stay curious, and stay informed. Keep an eye on market trends, industry news, and how your investments are doing.

    Regularly analyzing your portfolio lets you identify any underperformers and make adjustments as needed.

    So, embrace diversification and keep that analysis engine running for a more resilient and rewarding investment strategy. These are critical to consider in your search for the best performing stocks of all time.

    Conclusion

    Congratulations, investor! You’ve journeyed through the fascinating realm of the best performing stocks of all time, uncovering valuable lessons and insights along the way.

    Remember, innovation, technology, and adaptability are key drivers of success. Be cautious of risks and understand that past performance doesn’t guarantee future results.

    Embrace diversification, spread those investment eggs wisely, and stay on top of ongoing analysis.

  • Is Tesla, Inc. (TSLA) stock good for you in 2021?

    Is Tesla, Inc. (TSLA) stock good for you in 2021?

    It is estimated that the global electric vehicle market is going to grow with a 29% compound annual growth rate (CAGR) in the next five years. So, it is obvious that the companies working in the manufacturing of electric vehicles, battery, and energy storage would show significant growth in the future and Tesla (TSLA) stock is the leading company among them.

    Tesla, Inc. (TSLA), founded in 2003, is primarily working in the designing, developing, and manufacturing of electric vehicles in the United States and across the globe. TSLA stock is currently trading with $616.00 per share price, having an average trading volume of 30,955,950 shares a day and a market cap of $595.039 billion. Let’s take a closer look at Tesla stock.

    Tesla Business in China:

    Though the certain restriction in China has affected the Tesla business to some extent, analyst’ estimates show that the overall electric vehicle sales in China would likely increase by 5% to 10% in the next 10 years and acting as the major contributor in the manufacturing of electric vehicles, Tesla stock would get the maximum benefit in the future. According toChina Passenger Car Association (CPCA), Tesla delivered 33,463 vehicles in May 2021 representing a 295 monthly jump. Tesla delivered About 185,000 vehicles in the first quarter of 2021.

    Performance in Covid-19:

    In the pandemic era, Tesla stock sold about half a million cars across the globe which is not a usual number in the era where the cars were parked in the garage due to imposed covid-19 restrictions by governments. One analyst has projected Tesla deliveries to be more than 850,000 in the year 2021 which is far more than 500,000 deliveries in the last year.

    First Mover Advantages:

    TSLA stock has 25,000dedicated Supercharger stations installed and also leading in the manufacturing of autonomous vehicles as it has collected 3 billion miles of driving data as of March 2020 which is 150 times more than the data collected by Alphabet’s Waymo. Besides this, Tesla CEO Elon Musk is smart enough to devise the strategies in order to leverage the business.

    Financial View of Tesla stock:

    In the first quarter of 2021, TSLA stock reported $10.39 billion in revenue representing a 74% increase over the year. Earnings per share have surpassed the estimates of 73 cents per share to reach 93 cents per share and the net income of  $438 million was generated in the recently reported quarter.

    Future Plans:

    The new version of the Model S sedan has started to deliver in May 2021 and Model X deliveries will initiate in the third quarter of 2021. Furthermore, Tesla is also planning to launch an autonomous ride-hailing network in the future that could result in$1 trillion profit by 2030 according to Cathie Wood, CEO, and founder of Ark Invest.

    Competitor Analysis:

    TSLA stock is now facing a great rivalry in the automobile industry as companies like General Motors (GM), Ford, Inc (F), and Volkswagen are spending billions in the manufacturing of electric vehicles. These companies are well established and have a decade of experience in the automobile industry. Furthermore, BYD, Nio, and Xpeng are giving tough times to Tesla stock in the Chinese electric vehicle market via investing heavily in order to increase their market share. Another weak point of Tesla stock is that its share in the global market is less than 1% which is still very low as 70 million to 80 million new cars have been sold every year.

    Conclusion:

    For most of Tesla’s business, it has been unprofitable for investors but its performance in the last few years is exceptional. Though it is acting the lead role in the manufacturing of electric vehicles still it has a low global market share in the automobile industry. If it goes with the current pace, it will generate a lot of revenue in the future but investors should keep in mind that Tesla alone is not playing in the industry as many well-established EV stocks are present in the play.

  • Crypto Stocks Outperforming S&P 500

    Crypto Stocks Outperforming S&P 500

    The surging cryptocurrency market has been an opportunity for institutional investors to get in on the bandwagon and reap high returns. The potential of returns from cryptocurrencies has attracted a lot of investment from institutions. The bull run of 2021 has resulted in a much wider acceptance of cryptocurrencies, especially from institutional giants.

    Goldman Sachs, in a note to investors on April 27, detailed that US stocks which were involved in the crypto markets have had a better performance than those you were not. Analysts of the banking giant has identified 19 such stocks that have outperformed the S&P 500 index itself. The 19 stocks have an accumulated market capitalization of $1 billion and have close involvement with the crypto sphere.

    The stocks that were involved in cryptocurrencies had an average rate of return at 43% while the S&P’s returns stood at 13% – outperforming the stock market by a long shot. The two leading firms were Marathon Digital Holdings and Riot Blockchain – both crypto mining firms. The firms had year-to-date returns of 218% and 151% respectively.

    The stocks also contained Tesla – the electric car company. Tesla’s stock had been soaring ever since the company had announced a $1.5 billion investment in Bitcoin. Elon Musk – the CEO – is an ardent believer in blockchain technology and often sends cryptocurrencies shooting upwards with his bullish tweets. Facebook is also getting into the cryptocurrency sphere with launching its own cryptocurrency.

    Microstrategy’s Bitcoin (BTC) holdings totasl to $4.5 billion. The stock price of Microstrategy had surged along with Bitcoin’s price hike. Payment firm Square, banks JPMorgan Chase and BNY Mellon, the crypto exchange Coinbase, IBM, the microchip maker Nvidia, InvestView, Braodridge Financials, and Ideaonmics were some of the companies involved in cryptocurrencies whose stocks soared.

  • UK Banks Not Fans of Cryptocurrencies

    UK Banks Not Fans of Cryptocurrencies

    Where on one hand the cryptocurrency market is soaring and institutions are realizing the potential that the blockchain technology holds, on the other hand there has also been an increase in the growing skepticism.

    The cryptocurrency adoption has seen some major developments. From major financial institutions like Goldman Sachs providing cryptocurrency exposure to clients to corporate behemoths like Tesla accepting cryptocurrency payments, the cryptocurrency industry has come a long way. But amidst all that, it cannot be ignored that cryptocurrencies have a notorious reputation for being the hotbed for illegal activities.

    A major UK bank, NatWest, has issued a statement stating the bank will refuse service to customer who deal in cryptocurrencies. Morten Friis, head of the bank’s risk committee, revealed in a recent shareholder meeting the bank has no interest in dealing with clients whose businesses are backed by cryptocurrency exchanges or cryptocurrency trading and investing is their primary activity.

    The bank’s decision stems from the notorious reputation of cryptocurrencies as well as crypto regulation. The regulation of the cryptocurrency is also a sore topic for many and entails unnecessary complications for anyone looking to get involved in the crypto sphere.

    This is not the first time UK banks have had such a strong stance on cryptocurrencies. Another UK bank HSBC also has a strong anti-crypto narrative. The bank has barred its users from investing in MicroStrategy – the business intelligence company with major cryptocurrency investments. HSBC had also denied users to deposit profits from cryptocurrency exchanges.

    The UK banks anti-crypto stance will also have consequences for the cryptocurrency adoption as corporate clients like Tesla that are moving towards accepting cryptocurrency payments will also now face difficulties.

  • Tesla (TSLA) Stock Continues To Soar After A Phenomenal Quarter

    Tesla (TSLA) Stock Continues To Soar After A Phenomenal Quarter

    Following the surge in value after Jan 2020 and the sequential correction, many doubted the integrity of TSLA’s second steep climb around the end of March in 2020. Fast Forward to 25th January 2021 and TSLA stock was priced at USD 900.40 for its highest value to date. Currently valued at just under USD 700 (a meteoric 700% increase from the start of 2020), TSLA saw a 2.36% jump at the last check on Thursday, April 8th, 2021.

    What happened?
    This jump coincided with the first quarterly delivery report for the year of 2021. Despite the automotive industry suffering across the board on account of a shortage of semiconductors, Tesla managed to have a record-breaking Q1 that shattered the expectations of analysts. With deliveries expected to be around 170,000, Q1 saw a whopping 184,800 deliveries that sets Tesla on the track to hit 750,000 deliveries for the year. This would be a 50% increase from the 500,000 deliveries fulfilled in 2020.

    How did it happen?
    There was a drop in deliveries of Model S and Model X vehicles from 12,200 deliveries in Q1 of 2020 to 2,020 deliveries in Q1 of 2021. However, the cessation of production and reduced deliveries of their pricier models can largely be attributed to the rolling out of newer versions of these models. This is sharply contrasted with Model 3 and Model Y vehicles reporting 76,200 combined deliveries in Q1 of 2020, with cumulative deliveries seeing a 140% increase to 182,780 deliveries in Q1 of 2021. Production of their Model Y started in Q4 of 2020 in China and plays a significant part in Tesla’s performance in 2021 so far, having been generally very well received.[4]

    What happens next?
    With such strong numbers and promising growth, investors have had their confidence in the company assured. This news in tandem with President Biden’s focus on the EV sector in the recently unveiled infrastructure budget plan has consolidated investor presence in the EV sector. Not just for Tesla, shares across the EV sector have seen a positive shift, now poised on the verge of further growth.

  • What are the TOP 3 Electrical Vehicle stocks for 2021?

    What are the TOP 3 Electrical Vehicle stocks for 2021?

    Do you think that 2020 was the best year for Electric Vehicles and their shares in the market? Think again. There is going to be a blast of profits in the year 2021. Let’s dig into the details.

    We all saw an incredible increase in the usage of electric vehicles in 2020. The electrical industry is based on those companies that are manufacturing electric cars, electrical and commercial automobiles, vans, and trucks. Tesla, Eorkhorse Group Inc, Arcimoto are developing, growing and getting profits by leaps and bounds. For instance, in the year 2020, Russell 1000’s gross total return had been 21.2%. Tesla Inc. had a 21.8% price-to-sales ratio. In 2021 they are growing higher and are estimated to gain more benefits from manufacturing electric vehicles.

    When the companies invest dollars into manufacturing, they must know what will be the outcome. To reach profitability, you have to be cautious about making the right investments. Elon Musk is the founder of Tesla. This company is making huge gains making Elon the richest man in the world. Let’s ponder over the 3 top Electrical Vehicles stocks for 2021:

    1: Tesla Inc. : (NASDAQ: TSLA)

    When Elon Musk added Tesla to the S&P 500 index, Musk’s net profits abruptly pushed to the sky. The recorded total net worth of Elon musk was $60 billion. It’s now the largest publicly traded company and comes at the sixth position in the US. It will not slow down in making profits. It’s worth $834 billion even now. Just think about where it is going. All the competitors, including Johnson & Johnson, Berkshire Hathaway, Walmart, are left far behind. Tesla is going to be more profitable this year. Today Elon Musk’s net worth is 190 billion dollars approximately, $22 billion in 2019.

    2: Nio Inc : (NYSE: NIO)

    Nio knows how to grab the best opportunities in the stock market by making the right moves. It’s fast and furiously speedy EP9 supercar has blown the shadows of bankruptcy with a BOOM. Nio Inc. manufactures family-friendly high-performance electrical vehicles such as Sedans. It was facing difficulties at the start of 2020 when it’s share price was just $3.24. Due to making swift strategy moves, it’s going to become an electrical superstar manufacturer pretty soon.

    When it launched the “Battery-as-a-service” platform and the Chinese invested in multi-billion-dollars, its stock started trading higher at the stock market, having a massive increase of 160.4%. Currently, Nio’s share price is $7.00 and has a market cap of $813 billion. IN short, Nio Inc. is an innovative electric vehicle manufacturer, growing higher, showing large-scale future growth potential.

    3: Facedrive: (FDVRF)

    Facedrive is delivering its services to provide the customers with a virtual gallery of electric vehicles. It has established an electric vehicle subscription service in the United States of America. Moreover, The “EV on-demand” subscription allows the customers to ride in Audis, Teslas, Porsches, and many other vehicles daily. They can ride in a new car every day. Just order with a click, and the car will be delivered at your doorsteps; open the door and dive into your new car. Don’t worry about maintenance and insurance. It’s Eco-friendliness, easy usage, and convenience makes it the best choice for consumers. Ultimately increasing its share price in the US share market.