Here’s Why Tesla Just Hit New All-Time Highs

Tesla (TSLA) is already one of the year’s top performers.

From a 2020 low of $421.71, the stock just hit an all-time high of $504.10 – and could push to higher highs.  All thanks to news of its entrance into China and optimism with delivery figures.  

The company recently said it delivered 112,000 vehicles in its latest quarter bringing the total vehicles delivered in 2019 to nearly 367,500 — a 50% jump year over year.  Better, Tesla began deliveries of its Model 3 sedan in China and has ramped up production at its China facility to more than 1,000 vehicles per week, reports CNBC.

NVIDIA Corporation (NVDA)

Shares of NVIDIA are up $5.76 a share, or 2.44% after analysts at Needham upgraded the stock to hold from underperform. All after the firm met with management at the CES conference.  

“Heading into C1H20, Nvidia is facing easy year-over-year compares, specifically in graphics and data center,” they wrote, as quoted by MarketWatch. “Gaming is showing signs of positive momentum as attach rates for ray tracing games have accelerated. Hyperscalers have also begun to spend again on AI workloads.”

General Electric (GE)

Shares of GE are up on a bullish Deutsche Banknote. 

The firm expects GE to post Q4 EPS of 19 cents, topping estimates for 19 cents, driven by improvements in four segments, as reported by The Street.  

“Power-segment sales are expected to increase $26 million, compared with a decline of $144 million in the previous quarter.  Renewables sales are expected to increase $322 million, compared with a $98 million decline in the previous quarter. Aviation sales are expected to be $1.79 billion in the fourth quarter, compared with $1.72 billion in the previous period.  Healthcare revenue is expected to be $1.22 billion, compared with $970 million in the third quarter,” as also reported.