Tesla
Tesla Motors TSLA reported stronger-than-expected deliveries for the fourth quarter. The corporate produced a document 105,000 (86,958 Mannequin Three and 17,933 Mannequin S and X) autos and delivered document 112,000 (92,550 Mannequin Three and 19,450 Mannequin S and X) autos. The quantity is above analysts’ expectation of 106,000 polled by FactSet.
This has pushed 2019 complete deliveries to 367,500 autos, up 50% from 2018 and in step with its steering vary of 360,000-400,000 autos (see: all the Alternative Energy ETFs here).
Tesla expects to ship its first China-made Mannequin Three sedans to the general public on Jan 7 at an occasion at its Shanghai plant. The corporate mentioned the Shanghai plant has reached a manufacturing charge of 1,000 items per week.
Following the information launch, shares of this electric-car maker popped up as a lot as 5% earlier than closing at up 3%. Tesla presently has a Zacks Rank #2 (Purchase) and a Progress Rating of A. It belongs to a top-ranked Zacks trade (within the top 31%).
ETFs to Watch
The stable deliveries information has put the highlight on ETFs having substantial allocation to this luxurious carmaker. We now have highlighted 5 of them under.
ARK Autonomous Know-how & Robotics ETF ARKQ
That is an actively managed ETF looking for long-term…