Tesla On Track To Beat Its Ambitious Delivery Target Of 500,000 Deliveries For 2020, Says Wedbush
Portfolio Pulse from Shivdeep Dhaliwal
Tesla is on track to meet its 2020 delivery target of 500,000 units, according to Wedbush analyst Daniel Ives. The analyst has a Neutral rating on Tesla with a price target of $715, and a bull-case scenario of $1,000. Tesla's strong demand in China and potential U.S. policy changes under the Biden administration could further boost its performance.
December 30, 2020 | 11:26 am
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POSITIVE IMPACT
Fisker Inc could benefit from potential U.S. policy changes under the Biden administration, which may increase EV tax credits and incentives.
Fisker Inc is mentioned as a company that could benefit from increased EV tax credits and incentives under the Biden administration, supporting EV adoption.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 30
POSITIVE IMPACT
General Motors could benefit from potential U.S. policy changes under the Biden administration, which may increase EV tax credits and incentives.
The article suggests that GM could benefit from increased EV tax credits and incentives under the Biden administration, which would support EV adoption.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 30
POSITIVE IMPACT
Li Auto is among the domestic EV players that could benefit from the increasing demand for EVs, particularly in China.
Li Auto is highlighted as a domestic player that stands to benefit from the growing EV demand in China, a major market for EVs.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50
POSITIVE IMPACT
Nio, along with other domestic EV players, stands to benefit from increasing EV demand, especially in China, which could represent about 40% of EV deliveries by 2022.
The article mentions Nio as a domestic player that could benefit from the growing EV demand in China, which is a significant market for EVs.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50
POSITIVE IMPACT
Tesla is on track to meet its 2020 delivery target of 500,000 units, driven by strong demand in China and potential U.S. policy changes under the Biden administration. Analyst Daniel Ives has a Neutral rating with a price target of $715, and a bull-case scenario of $1,000.
The news highlights Tesla's strong delivery performance and potential benefits from U.S. policy changes, which are positive indicators for the stock. The analyst's price target and bull-case scenario suggest potential upside.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Xpeng, as a domestic EV player, is expected to benefit from the increasing demand for EVs, particularly in China.
Xpeng is mentioned as a domestic EV player that could gain from the growing EV market in China, which is a key region for EV growth.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50