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GameStop stock soared to a new 52-week high on Wednesday that led to a short squeeze. 2020 was a bad year for Tesla stock short-sellers and GameStop seems to be holding the baton of short-seller killer stock for now. GameStop stock soared as much as 94% in intraday trading yesterday before paring some gains. It…
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Tesla stock, which closed down almost 8% in regular trading on Monday, was trading higher in US premarket trading today. Nasdaq futures were also up slightly after the sell-off yesterday. Tesla ended its 11-day winning streak amid the broader sell-off in US tech stocks. The tech-heavy Nasdaq Composite Index underperformed the S&P 500 and the…
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Tesla stock rose almost 8% on Thursday to made a new record high. Its CEO Elon Musk became the world’s richest person yesterday amid the surge in Tesla stock. Many retail investors who believed in the Tesla story and Elon Musk have also accumulated decent wealth after the 740% spike in Tesla stock last year….
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Tesla delivered a record 180,570 cars in the fourth quarter of 2020 taking its full-year deliveries to 499,550. The company created several records in the year but would these be enough to justify the rally in its stock? To be sure, while Tesla missed half a million deliveries that it was targeting for 2020, its…
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Tesla stock (TSLA) soared to a record high yesterday. A credit rating upgrade might have aided the price action but it’s the euphoria over the company joining the S&P 500 that’s leading to the rally. S&P Global has raised Tesla’s credit rating to BB. While the rating is still speculative, it is one notch below…
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Tesla is halting the production for its Model S and X a leaked internal email showed. It is also going for a year-end push to boost the sales of its Model 3 and Model Y. Tesla expects to sell half a million cars this year. The company maintained its original 2020 guidance despite its production…
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Gene Munster, the co-founder of Loup Ventures, expects Tesla’s market capitalization to cross above $2 trillion over the next three years. So far, Apple is the only company that crossed the $2 trillion in market capitalization. Can Tesla achieve the feat? Tesla stock has been on a fire this year and has made over 30…
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Tesla stock was trading sharply higher in pre markets today after the S&P 500 announced that it would add the stock on 21 December in one single tranche. The stock gained 38% in November after the S&P 500 announced that would include the stock. Investors were expecting the stock to be added to the index…
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Tesla would report its third quarter earnings after the close of markets tomorrow. The stock has been on a fire this year amid investors’ optimism over electric vehicles. What’re analysts projecting for Tesla’s third quarter earnings? Tesla’s Q3 earnings estimates According to the consensus estimates compiled by Tikr, analysts expect Tesla to report revenues of…
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On one hand, you have Toyota, a Japanese car manufacturer that produces a million cars annually for the world, and on the other, you have Tesla, which is an emerging automobile company that recently surpassed Toyota’s market value for the first time. The decade-long-standing of Toyota as a market-leading Car Company has been crushed by Tesla, as…
