After Tesla, Inc Added to the S&P 500 last December (TSLA) has not slowed its role yet, the stock has returned 19 7 percent year-to-date, outperforming the S&P 500 and the Dow Jones Industrial Average nominal gain in that TSLA has been in the past five Has delivered excellent financial data for the last few quarters and is expected to maintain that performance this year

While TSLA’s solid foundations, technical dexterity, and widespread market reach helped the stock gain 727, the 2 percent global automotive revolution last year should allow it to maintain its momentum

With industrial and commercial production back in full swing this year, the governments of major countries plan to promote their recovery with clean energyS. President Greene’s $ 2 trillion Green New Deal proposal should benefit the TSLA over the next few years. This, along with several other factors, has helped TSLA earn a “Strong Buy” rating on our proprietary rating system

TSLA is currently trading above its 50-day and 200-day moving averages of $ 62962 and $ 375 87, indicating an uptrend in the Golden Cross, which is up 96% over the past three months, which is an upward trend solid short-term upward move is attributable

TSLA reported impressive results for the Sept. Third quarter ended September 2020, beating analysts’ expectations Revenue increased 392 percent year-over-year to $ 877 billion, while gross profit increased 73 percent year-over-year to $ 206 billion Net income and EPS rose 1315 percent and 688 percent

TSLA plans to launch three new electric vehicles soon, including the Tesla Cybertruck and two electric cars, and plans to invest up to $ 12 billion in electric vehicles and battery factories with manufacturing facilities on three continents over the next two years raised $ 4.97 billion from a stock offering in September to fund its capital-intensive projects soon TSLA is currently developing a fully autonomous driving feature that will be incorporated into TSLA vehicles in some countries by 2021, TSLA signed an agreement with Panasonic in late December Lithium-Ion Battery Cell Price Agreement Under the agreement, Panasonic’s battery products, which have applications in TSLA’s X and Y models, will be sold at a contractual price through March 2021

In addition, TSLA has entered the Indian subcontinent with a huge population and market base, expansion into India is expected to boost TSLA’s profits TSLA is also planning to open a new battery system project in Australia called the “Big Tesla Battery” In this context, TSLA, in collaboration with the French renewable energy company Neoen, has developed 300/450 MWh in South Australia

After successfully dominating the electric vehicle industry, TSLA is now venturing into other sectors The company’s acquisition of Solar City in 2016 allowed it a smooth entry into the solar panel industry, CEO Elon Musk expects that sector to become the next by 2021 “Killer product” will be

Following the Pfizer and BioNTech COVID-19 vaccine press release, Musk confirmed that TSLA has become the manufacturing partner of German biotech company CureVac and is currently developing version three RNA microfactories and vaccine printers

In terms of closeness to a 52-week high, which is a key factor that our Buy & Hold Grade takes into account, TSLA is well positioned – it is currently trading just 38 percent below the 52-week high of $ 884 Dollar49, which was released on Aug. January met

TSLA has 1106 gained4 percent in the last three years This is due to the impressive earnings and sales growth, the company’s sales increased 37 CAGR9 percent in the last three years, while EBITDA grew 165 CAGR7% over that period, the tangible book value of TSLA increased by 53 CAGR4 percent over the past three years

TSLA’s dominance in the EV market has resulted in impressive growth. In addition, TSLA has historically had some level of monopoly power in the emerging industry because of the largest auto companies in the USAS were slow to take part in the EV race Thanks to TSLA’s strategic manufacturing facilities in areas of high demand, the company was able to keep its production costs relatively low

TSLA is currently number 1 of 51 stocks in the auto industry & vehicle manufacturer. Other popular stocks in this space include Toyota Motor Corporation (TM), Honda Motor Company, Ltd (HMC) and Ferrari NV (RACE)

TM and RACE won 5.8 percent respectively 21 percent last year, while HMC declined marginally, which is comparable to TSLA’s 727 percent return over that period

The auto industry & vehicle manufacturers ranked 4th in StockNews out of 123 Branchecom Universe Industry relies on a wave of clean energy waves as demand for electric vehicles grows exponentially around the world Given the higher efficiency of electric vehicles and lower maintenance costs, electric vehicles are on Increasingly the preferred choice of consumers over traditional internal combustion vehicles in the long run

With technology advancing across the EV industry, the transition from gasoline vehicles to battery vehicles is expected to cost less than other industries that are fully committed to carbon neutrality.As a result, most economies are focused on To initiate nationwide industrial transformations with the automotive industry In this context, major economies in Europe have announced bans on the sale of new internal combustion vehicles until 2035, and the USAS expected to follow soon as Biden is committed to clean energy

TSLA is rated “Strong Buy” based on solid short- and long-term uptrend, impressive financials, and underlying industry strength as determined by the four components of the overall POWR rating

While a recent recall of TSLA’s vehicles shattered investor confidence, the company has taken active steps to improve its software services and prevent such incidents from occurring in the company’s strategic entry into developing markets and growing popularity should allow the stock to move higher soon

TSLA has an average broker rating of 191, suggesting favorable analyst sentiment. Of the 32 Wall Street analysts who rated the stock, 8 rated it a “Strong Buy”The consensus EPS estimate of $ 095 for Jan. Fourth quarter ending December 2020 equates to a 1317 percent year-over-year improvement The company also has an impressive earnings surprise story: it has topped the street’s EPS estimates for each of the past four quarters, with the consensus revenue estimate of $ 1027 billion for the coming soon The reporting quarter corresponds to an increase of 39 percent compared to the same period of the previous year

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World News – USA – Tesla Stock Up 20 Percent Will the rally continue?

Source: https://www.entrepreneur.com/article/364005