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Tesla stock was trading lower in US premarket trading today even as the company posted record earnings in the first quarter which were ahead of analysts’ estimates. Tesla reported revenues of $10.4 billion in the first quarter of 2021. The company’s sales increased 74% year over year in the quarter and were in line with…
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The first quarter earnings season is in a full swing and Tesla would report its quarterly report on Monday after the close of markets. What are analysts expecting from Tesla’s first quarter earnings report? Tesla had missed earnings estimates in the fourth quarter of 2020. Prior to that, the company posted better than expected earnings…
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Tesla stock was trading lower in US premarket trading today. On Friday, ARK Investment, which is led by prominent Tesla bull Cathie Wood revealed that it has sold some Tesla shares and bought Coinbase. Crypto exchange Coinbase listed last week only. It opted for a direct listing instead of going through the more popular traditional…
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Cathie Wood of ARK Investment Management, who is known for her bullish views on disruptive technologies, and is among the best-known Tesla bulls, is now betting on two themes. What are these and should you follow her? Wood is now betting on digital wallets and genomics. Notably, electric vehicle stocks have been under pressure this…
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Tesla stock 3.7% yesterday and was trading almost 1% higher in US premarket trading today. The surge in bitcoin prices, which have hit a new record high seems to be helping Tesla even as competition seems to be increasing in the EV industry. Earlier this year, Tesla invested $1.5 billion in bitcoins. Later it allowed…
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Tesla delivered 184,800 electric cars in the first quarter of 2021 which was a new record despite the first quarter being seasonally weak for the company. Generally, Tesla’s delivery numbers are lower than the production numbers as some cars produced in the quarter remain in transit. Unlike legacy automakers that carry huge inventories, Tesla is…
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We’re now approaching the end of the first quarter. Soon, electric vehicle (EV) companies like Tesla, NIO, Li Auto, and XPeng would release their delivery numbers. Here’s what to watch in these companies’ delivery numbers. While Tesla releases the quarterly production data and provides annual guidance, Chinese electric car companies like NIO, XPeng, and Li…
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Tesla stock plunged 4.8% yesterday even as the company officially allowed buyers to purchase its cars using bitcoins. The Elon Musk run company has already invested $1.5 billion in bitcoins and plans to retain the bitcoins that buyers pay to purchase its vehicles. Last year, Tesla had raised $13 billion by issuing shares thrice. NIO,…
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Prominent Tesla stock bull Cathie Wood has raised her target price on Tesla to $3,000 even as the company has apparently faced spying charges in China. Over the last couple of years, China has showered its love for Tesla like it hasn’t done with any other foreign automaker. To begin with, the company was allowed…
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Per Lekander, fund manager at Lansdowne Partners has said that Tesla stock is in a bubble. The stock has looked weak in 2021 after having risen 740% in 2020. The market opinion has always been mixed on Tesla. There is a large section of the market that believes that Tesla stock is in a bubble…
