April 6, 2021:-On Monday, Tesla shares rose above 7% in premarket trading, as investors cheered production and delivery figures that broadly beat expectations.
On Monday, around 8.20 a.m., shares in the company were up above 7% in premarket trading at $709.
On Friday, Tesla reported that it delivered 184,800 vehicles and produced 180,338 cars in the first quarter of 2021. Analysts were expecting the company to have nearly 168,000 cars in this period, according to estimates compiled by FactSet as of April 1.
It was a record-beating quarter, topping the 180,570 deliveries the company recorded in the fourth quarter of last year.
In a note on Sunday, Wedbush analyst Daniel Ives upgraded Tesla to “outperform” and raised its 12-month target price for the company to $1,000 from $950.
“In our opinion, the 1Q delivery numbers released on Friday was a paradigm changer and showed that the pent-up demand for Tesla’s Model 3 per year is hitting its next stage of growth as part of a global green tidal wave underway,” Ives wrote in the note.
“We now believe Tesla could exceed 850k deliveries for the year with 900k a stretch goal, despite the chip shortage and various supply chain issues lingering across the auto sector.”
In February, a filing showed that Tesla’s sales in China doubled last year between the coronavirus pandemic. The electric-car maker’s sales in China came in at $6.66 billion, around a fifth of its $31.54 billion revenues.
Despite a bumper 2020, it’s been a tough year for Tesla so far, with shares down over 9% in 2021.
Corporate leaders are often tested by crises that threaten the very foundation of their organizations. How do these leaders navigate turbulent …
In the vast and often tumultuous seas of corporate leadership, have you ever wondered how some captains …
In the high-stakes game of corporate leadership, where every decision reverberates through the echelons ….
In the corporate landscape, where conformity often reigns supreme, what if I told you that rebels aren’t troublemakers but …
In the corporate landscape, where conformity often reigns supreme, what if I told you that rebels aren’t troublemakers but …
As the storm of the pandemic begins to subside, corporate leaders face a landscape that has forever changed. The question …
General Motors (GM) released its third-quarter sales figures, revealing a slight decline of 2.2% compared to last year. While overall sales …
Online Casino Spiele Unter Vulkan Vegas Reward 1500 Vulkan Vegas Casinos Jetzt Registrieren Ebenso Bonus Sichern Content Die Verifizierung Für Neue Spieler Andere Revenu Bei
Veronica Robinson, the CEO of Stepping Stones Behavioral Solutions leads with the Golden Rule in all facets of life. Her purpose is to treat everyone with the same kindness and grace. She demonstrates a deep respect for those that she serves with a willingness to gladly perform any task, whether it is changing diapers or cleaning toilets if it needs to be done.
A Chartered Accountant by profession and having worked close to two decades in the Finance sector, Manjula Basant Rai, Founder, and CEO of Spaanda, always felt something was missing and sometimes questioned the purpose of her journey. While at Tesco, she stumbled across sustainability by chance, and that was her light bulb moment. In a flash, she knew what she could do and what she had to do. “Spaanda was born in my thoughts and over time I gave it shape and form in my own head.
Leave us a message
Subscribe
Fill the form our team will contact you
Advertise with us
Fill the form our team will contact you
