Monday’s Headlines: Tesla Smashes Quarterly Deliveries Record

Monday’s Headlines: Tesla Smashes Quarterly Deliveries Record

Here were the biggest movers in the MyWallSt shortlist on Friday:

Moving Up ⬆️

Twilio (TWLO) +13.0%

Retail Opportunity Investments Corp (ROIC) +4.4%

Axos Financial (AX) +3.6%

Paycom (PAYC) +3.5%

Trupanion (TRUP) +2.7%

Moving Down ⬇️

Tesla Motors (TSLA) -7.4%

Wix (WIX) -5.9%

Eventbrite (EB) -5.3%

Activision Blizzard (ATVI) -5.3%

Netflix (NFLX) -4.6%

1. Not phased by its stocks’ poor performance over the past month, Tesla (TSLA) announced that it delivered 139,300 vehicles in the third quarter, and produced 145,036. This far outstrips its previous record of 112,000 delivered in Q4 2019, and is in line with analyst estimates for the quarter of between 123,000 at the low end and 147,000 at the high end. One worry for analysts has been the continued habit by Tesla of refusing to break out its delivery and production numbers by region, with a lot of curiosity especially surrounding its sales in the all-important Chinese market. Get the official press release here.

2. Cloud remains king, as evidenced by Twilio (TWLO) hitting all-time highs once more on Friday after it closed up 13% for the day, and 18% for the week. The move comes after Twilio said in a filing on Thursday that it anticipates more third-quarter revenue than the $401 million to $406 million range it provided in August. Thanks to Friday’s gains, Twilio can boast a stock price leap of 192% year-to-date (YTD) thanks to a rising need in cloud communications software as more and more businesses and organizations move their offerings online. Read the full story here.

3. It’s been a busy period for public offerings lately following IPOs and direct listings from Snowflake (SNOW), Asana (ASAN), Palantir (PLTR), and more, but the biggest is yet to come: Airbnb. According to sources familiar with the matter, the home-rental company is aiming to raise a whopping $3 billion through its upcoming initial public offering. What we know so far is that Airbnb will likely make its filing public after the U.S. presidential election with an IPO sometime in December in what is surely one of Wall Street’s most anticipated events in recent memory. Get the complete story here.


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