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HomeNews & Views
All news by:
Steven Benjamin, Anchor Research
Tesla Excels In 2020, Forecast to Deliver Over 1Mn EVs by 2022
Electric vehicle (EV) and battery manufacturer, Tesla had an impressive 2020, with its share price soaring an unbelievable 720% for the year. This year its upward trajectory has continued with the share rising c. 20% YTD, closing at $850.45 on 20 January. In addition, Tesla delivered 499,550 EVs (+36% YoY) to customers last year, slightly below its own target of 500,000, with Wedbush expecting it to deliver 1mn plus vehicles p.a. by 2022.
Alibaba Singles Day Shopping Event Breaks Past Sales Records
Alibaba’s annual online Singles Day (also called Double 11) shopping event, which usually takes place on 11/11, was this year extended to around two weeks. The event nearly doubled 2019’s record sales as China’s economy, unlike EU and Western economies, continued to recover from the ravages of the COVID-19 pandemic.