(Bloomberg) — Tesla Inc. is widely expected to report its sixth consecutive quarterly profit Wednesday — and potentially its first $1-billion quarter. That follows a remarkable year when Tesla’s stock split and skyrocketed, the company joined the S&P 500 Index and it sold almost half a million cars. Two years ago, the world’s leading electric carmaker was going through a rough patch. Elon Musk, Tesla’s chief executive officer, informed employees in a January 2019 open letter that the… Source link
Read More »Musk’s company also achieved its production target. It manufactured about 509,000 vehicles in 2020, exceeding its goal of 500,000.
TipRanks 3 “Strong Buy” Stocks Set for Monster Growth in 2021 We’ve turned a new page on the calendar, Old Man ’20 is out the door, and there’s a feeling ‘21 is gonna be a good year – and so far, so good. The markets closed out 2020 with modest session gains to cap off larger annual gains. The S&P 500 rose 16% during the corona crisis year, while the NASDAQ, with its heavy tech representation, showed an impressive annual gain of nearly 43%. The advent of two viable COVID vaccines… Source link
Read More »Dogecoin Jumps 20% After Musk’s Twitter Shout-Out; Bitcoin Joke Spurs Dialogue With Saylor
TipRanks The 5G Revolution Could Send These 3 Stocks Higher 5G is here. The new networks are online and expanding, and customers – individual consumers, institutional users, and industrial applications – are starting to take advantage of the new technology. The advantages of 5G are already well-known: faster connections, more efficient upload and download capability, lower latency, greater security. 5G tech is essential for developing the full potential of autonomous vehicles and IoT… Source link
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