Tesla, Inc. (TSLA) increased to $729.77, up +3.42 percent. Tesla has almost met its original 2020 delivery goal; a milestone after guidance was given early last year, before the global economy was struck by the pandemic. The goal of 500,000 units or more was later removed by the California-based electric car company. Finally, in 2020, the company managed to sell 499,550 cars, compared to 367,500 in 2019. This reflects a 36 percent rise. The Wall Street consensus is well surpassed, which was delivery of nearly 481,000 units. Deliveries in the fourth quarter alone surpassed a record 180,570 units.
Elon Musk, the boss of EV maker firm, shared his pride in a tweet the day before yesterday. “So proud of the Tesla team for achieving this major goal! At the beginning of Tesla, I thought we had (optimistically) only a 10 percent chance of survival.”
MGM Resorts International (MGM) dropped to $29.7, down -5.74 percent. A bid for the purchase of British Entain for $11 billion was made by MGM Resorts International. The London-based corporation reports that the US group’s bid undervalues the company and its prospects, while MGM offers 0.6 shares for each Entain share owned, a 22 percent premium to the closing price on December 31.
Airbnb, Inc. (ABNB) dropped to $139.15 after seeing a decline of -5.21 percent. Investors started releasing their recommendations on the stock recently listed on the Wall Street. Needham and Jefferies have recommended the stock as “Buy”. Piper Sandler and Baird initiated their recommendation for the stock with “Overweight” and “Outperform” while Credit Suisse recommended “Neutral” followed by Keybanc which initiated with “Sector Weight” for the stock.