Diamonds and Dogs
Tesla (TSLA) reports strong delivery numbers. Tesla is up 4% after delivering 184,800 vehicles in the first quarter, up from 88,400 in the first quarter last year. Most of the deliveries were the Model 3 and Y. The Model Y saw strong demand in China. Tesla only delivered 2,020 of its more expensive Model S and X vehicles in the quarter due to chip shortages and other supply chain disruptions. One analyst upgraded the stock with a $1000 price target. Tesla is also looking to benefit from the $2.3 trillion Biden Infrastructure Plan with further EV tax credits.
GameStop (GME) raising money. Retailer, GameStop is down 5% today, but still up nearly a 1000% year to date, as the company will raise a billion dollars by raising equity to pare down debt and transform the company away from physical stores to more online distribution.
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