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Tag: Tesla Stock Price

  • 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.