Tesla emissions-credit revenue may boom again in 2021
Stock trades as high as $260, up 76% from Tuesday’s close. Burry warns that rally is “unnatural, insane, and dangerous”.
Compártelo:
27 enero, 2021
Tesla Inc.’s business selling regulatory credits to automakers that need help complying with emissions rules will keep on booming this year, according to Credit Suisse. Regulatory credit revenue probably will rise to $2 billion from about $1.4 billion in 2020, analyst
Dan Levy predicted in a note previewing Tesla’s quarterly earnings Wednesday. He wrote that his estimate for 2021 is higher than consensus of $1.3 billion.
A surge in regulatory-credit revenue had been a major factor in Tesla’s streak of quarterly profits that’s sent shares soaring and made the stock eligible for the S&P 500, according to Bloomberg. Levy suggested in his note that Europe’s stricter limits on automotive carbon-dioxide emissions will present an opportunity for the company this year.
GameStop Value Surges Past $10 Billion as Shares Nearly Double
Bloomberg 1/27/2021 Bailey Lipschultz
(Bloomberg) The skyward march in GameStop Corp. accelerated Tuesday, its stock nearly doubling during exchange hours and then surging another 50% after being name checked in a tweet by Elon Musk. Its market value flew past the $10 billion mark via a year-to-date rally that is pushing 700%.
Thanks to the gain, GameStop is now worth more than 10% of S&P 500 stocks including American Airlines Group Inc., Under Armour Inc. and Invesco Ltd. It started the year with a market capitalization of $1.2 billion. Shares of the U.S. company listed on German exchange Tradegate gained 106% to $306 in early trading on Wednesday compared with Tuesday’s U.S. closing price of $147.98.
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GameStop Corp. extended its surge in premarket trading on Tuesday, albeit at a less intense pace than defined Monday’s wild ride.
The stock rose as high as US$100 before paring gains to trade at US$89.48 at 6:21 a.m. in New York. It closed 18 per cent higher at US$76.79 on Monday, briefly touching a record high of US$159.18, and has more than quadrupled this month.
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GameStop, which has turned into a battleground for short sellers and retail traders, triggered at least nine trading halts for volatility on Monday. Options trading has also surged.
GameStop s 400% rally puts market value atop some in S&P 500
Paul Jarvis, Bloomberg News VIDEO SIGN OUT
GameStop Corp. soared for a fourth straight session, catapulting the former small capâs market value beyond 14 members of the S&P 500, including Marathon Oil Corp.
The stock climbed as much as 32 per cent before trimming gains to put its market capitalization at about US$6.5 billion, more than the likes of Apache Corp. and Hanesbrands Inc. It surpassed insurance-provider Unum Group and refiner HollyFrontier Corp. on Monday.
Tell me what to buy tomorrow and if you convince me Iâll throw a few 100 kâs at it to start.
GameStop s 400% rally puts market value atop some in S&P 500
Paul Jarvis, Bloomberg News VIDEO SIGN OUT
GameStop Corp. soared for a fourth straight session, catapulting the former small capâs market value beyond 14 members of the S&P 500, including Marathon Oil Corp.
The stock climbed as much as 32 per cent before trimming gains to put its market capitalization at about US$6.5 billion, more than the likes of Apache Corp. and Hanesbrands Inc. It surpassed insurance-provider Unum Group and refiner HollyFrontier Corp. on Monday.
Tell me what to buy tomorrow and if you convince me Iâll throw a few 100 kâs at it to start.