Wall Street

Are Traditional Automakers Still Investing In Gas & Diesel Engines?

Originally posted on EVANNEX. Right now, Tesla is at the vanguard of an all-electric future. On Wall Street, the company’s market value has outpaced its auto industry counterparts who specialize in internal combustion engine (ICE) technology. Are things changing, though? To that end, are Tesla’s competitors still investing in ICE development anymore? Analyzing legacy … [continued]

Tesla Earnings In 2019 & 2020 — What Can We Learn? Plus, Happy New Year!

There have been many pieces on Tesla stock’s rocket run over the last month. According to stockcharts.com, Tesla went from a low price of 328.69 on December 2nd, 2019, to a closing price of 430.38 on December 27th, 2019 (it has dropped a bit since then). This is a phenomenal return of 30.9% gain in less than 30 days. I speculated earlier on many reasons why it happened. It turns out, though, the reason may be very simple. Wall Street analysts are expecting Tesla to earn higher profits in 2019 and 2020 compared to what they thought 3 months ago.