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📈What you need to know when investing in Tesla (TSLA)

Tesla Inc. (TSLA) has grown rapidly into one of the world's largest all-electric vehicle companies through the sale of cars and pickup trucks in the U.S., China, and other countries throughout the world. The automotive segment accounts for the vast majority of revenue at the Palo Alto-headquartered company, and the U.S. accounts for just under half of sales. Tesla faces growing competition from other major automakers who are developing and marketing electric vehicles, including General Motors Co. (GM), China-based Nio Inc. (NIO), as well as German-based automakers Volkswagen AG (VOW3) and Daimler AG (DAI).

The company posted its first annual profits in 2020.
Tesla invested recently invested $1.5 billion in bitcoin and expects to accept bitcoin as a form of payment in the near future.

The company was also added to the S&P 500 in December 2020 after Tesla posted a net income of $862 million in FY 2020, up from a net loss of $775 million in the previous year. Revenue for the year was $31.5 billion, up 28.3% from FY 2019. Just under half, or 48%, of that revenue, was generated in the U.S., while China accounted for 21% of total revenue. Other countries across the globe accounted for the remaining 31%. Each of the regional categories experienced growth in FY 2020, but revenue from China grew the fastest, at a rate of 123.6% compared to the previous year.

As part of our efforts to raise awareness about this company, we invite investors to take a close look at Tesla as a very promising stock. Also, leave in the comments if you were interested in this topic and you want to know more about Tesla details👇

📰 Dear Traders welcome to a new week! Here are the high volatility expected / main weekly events to watch out for:

Tuesday
▪️USD: CB Consumer Confidence (Mar)

Wednesday
▪️ CNY: Manufacturing PMI (Mar)
▪️ GBP: GDP (QoQ) (Q4)
▪️ GBP: GDP (YoY) (Q4)
▪️ EUR: German Unemployment Change (Mar)
▪️ EUR: CPI (YoY) (Mar)
▪️ USD: ADP Nonfarm Employment Change (Mar)
▪️ CAD: GDP (MoM) (Jan)
▪️ USD: Pending Home Sales (MoM) (Feb)
▪️ USD: Crude Oil Inventories
▪️ JPY: Tankan Large Manufacturers Index (Q1)
▪️ JPY: Tankan Large Non-Manufacturers Index (Q1)

Thursday
▪️AUD: Retail Sales (MoM) (Feb)
▪️CNY: Caixin Manufacturing PMI (Mar)
▪️EUR: German Manufacturing PMI (Mar)
▪️GBP: Manufacturing PMI (Mar)
▪️USD: Initial Jobless Claims
▪️USD: ISM Manufacturing PMI (Mar)

Friday:
▪️USD: Nonfarm Payrolls (Mar)
▪️USD: Unemployment Rate (Mar)

We wish you a successful week❗