(EV) maker Tesla, Inc TSLA has evolved into a dynamic technology innovator. Shares of Tesla have been on fire over the past year. The stock's S&P 500 inclusion has further boosted investors' confidence. The company has a first-mover advantage in the e-mobility space with high range vehicles, superior technology, and software edge. With Model 3 sedan being its flagship vehicle, Tesla has established itself as a leader in the EV segment. Ramp up of Model Y production is further boosting its top line growth. Robust production levels from the Shanghai Gigafactory bode well for its future growth. Tesla delivered 499,550 vehicles in 2020, up around 36% y/y. Along with increasing automotive revenues, energy generation and storage revenues are also boosting Tesla’s prospects. Amazing line-up of upcoming products and aggressive expansion efforts bode well for the firm. Thus, Tesla is viewed as an attractive bet.
Deere & Company DE is currently the world’s largest producer of agricultural equipment, manufacturing agricultural machinery since 1837 under the iconic John Deere brand with its signature green and yellow color scheme. Deere projects fiscal 2021 net income to be between $3.6 billion and $4 billion. The company expects to benefit from the improving farm prospects and stabilization in the construction and forestry markets in fiscal 2021. Higher U.S. farm income forecasts and pick-up in commodity prices bode well for agricultural equipment demand, which will drive Deere’s top line. Moreover, the company remains well poised for long term growth, backed by steady investments in new products with advanced technologies. Deere is focused on revolutionizing agriculture with technology in an effort to make farming automated, easy to use and more precise across the production process. Growing reliance on advanced technology will continue to fuel Deere’s revenues. Additionally, the company's efforts to expand in precision agriculture will drive growth.
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