Last week, Tesla Inc. (NASDAQ: TSLA) released data on electric vehicle shipments in the fourth quarter and throughout the year. The results were only slightly lower than Elon Musk's ambitious plan for the supply of 500 thousand electric vehicles. For the whole of 2020, Tesla delivered 499,550 electric vehicles to customers, which exceeded the consensus forecast by almost 20 thousand. At the same time, Tesla produced more than 509 thousand vehicles. At the auction on December 31, the TSLA share cost $ 705.67.
Carmakers Fiat Chrysler and PSA said on Monday that their investors have agreed to a $ 52 billion merger, which will create the world's fourth-largest automaker. The new company, named Stellantis, will begin trading in two weeks, and with an annual production of around 8 million vehicles and more than $ 200 billion in revenue, the newly formed company is expected to play a key role in transitioning the automotive industry to a new era of electrification. Stellantis will have 14 brands, from Fiat, Maserati and Jeep, Dodge and Ram, owned by FCA, to Peugeot, Citroen, Opel and DS, traditionally focused on Europe. FCA and PSA said they expect to close the deal on January 16.
General Electric Co. (NYSE: GE) posted strong growth in October-December, but is still cheaper than in 2019. This creates an opportunity for growth in 2021. All four key business segments of GE are expected to see growth next year. In the aviation segment, the main positive factor is the recovery of air travel. In the segment of healthcare solutions in 2021, growth may accelerate to the single-digit average, and the cash flow will exceed $ 1 billion. In the segment of industrial solutions, the dynamics are unlikely to change much, but the trend of transition to green energy will continue. At the auction on December 24, GE share cost $ 10.65.
Semiconductor manufacturer Qualcomm Inc. (NASDAQ: QCOM) ends the year with positive dynamics. Shares since the beginning of the year have risen in price by about 67% to $ 147 at auction on December 28 The company may continue to grow in 2021, as its business is supported by three key trends in the communications and information technology market. A major growth driver for Qualcomm is the rollout of 5G technologies for which the company makes chips, such as smartphone transceivers and base stations. Leading the smartphone chip market is the second positive for Qualcomm. The third factor may be the growth of profits and underestimation of the company's capabilities by investors. In the past quarter, Qualcomm's revenue grew 35% yoy, while earnings per diluted share increased 86%. In the first quarter, the company expects earnings per share in the $ 1.95- $ 2.15 range.
The company is a provider of cloud solutions Arista Networks Inc. (NYSE: ANET) Unveils Advanced Cyber Security Attack Surface Assessment (ASA). Arista's business expansion came at an opportune moment, and its proprietary data protection service could increase the company's bottom line. The new Arista Networks service is the result of the acquisition in October 2020 of the business of Awake Security, a provider of an artificial intelligence (AI) network threat detection platform. Based on Awake technologies, the ASA service was created, which combines the use of software and the experience of a cyber security specialist. The addition of a new cybersecurity service expands Arista's ecosystems in a promising direction. At the auction on December 28, ANET share cost $ 290.94.
