Tesla Motors (NASDAQ: TSLA) just reported its best-ever quarterly results.
In addition to Tesla earnings, the company announced plans to make 500,000 vehicles this year!
The electric vehicle (EV) sector is red-hot. And some stocks are surging 255% . . . 390% . . . and even 652% in 2020.
The “next Tesla Motors” starts trading in November. And you can grab shares before the stock starts trading – and before it pops in Day One of trading.
Here are the highlights of the Tesla earnings report:
- $8.77 billion in revenues – up 39%
- 139,593 vehicles delivered
- $331 million in profits – up 131%
Tesla plans to make 500,000 vehicles in 2020.
CEO Elon Musk says Tesla could target 840,000 – 1 million vehicles.
The strong Tesla earnings report and bright outlook landed Tesla a new price target.
Analysts at Robert W. Baird just upgraded Tesla to. BUY. And provided a new price target of $488 per share – marking a 12% increase from the recent price.
“We view Tesla as a ‘must own’ stock for investors looking for exposure to ESG, sustainability and disruptive technology,” explained the analysts in their report.
The analysts went on to say that it isn’t too late to “join the party.”
Click here for details on a stock that LOOKS like Tesla Motors – right after it went public at $17
It’s not just Tesla stock that’s taking off.
Take a look at these YTD gains in other electric vehicle stocks:
- 101% in Nikola
- 134% in Hyliion
- 255% in BYD
- 652% in Nio
EV stocks are taking off.
Yet one privately held company in the sector hasn’t seen this type of jump. And that could change in November when this stock goes public.
You’ll get urgent details inside today’s LIVE webinar briefing.
Yours in Wealth,