Tesla shares have experienced a meteoric rise over the past couple of years. And that was before the company ever booked a full-year profit.
2020 changed that, with Tesla reporting a profit of $721 million on about $31.5 billion in sales. These earnings fell short of Wall Street estimates, however, and the stock traded down on the news. In 2019, Tesla booked a $862 million loss on $24.6 billion in sales.
Is there still time to be bullish on Tesla? Perhaps. CEO Elon Musk says he expects deliveries to increase by 50% annually, and projected that 2021 would grow at an even faster pace than that. Tesla delivered about 500,000 EVs last year, and expects to reach 800,000 in 2021.
Tesla has a hopeful outlook, but faces several challenges in the years ahead: competitors, supply chain costs, and demand for innovation and improvement. Even still, Tickeron's A.I. is showing a bullish outlook for Tesla, and below compares trades in Tesla with General Motors and Toyota. Scroll down to see how the A.I. works, and subscribe to get trade ideas in real time.