16. October 2020 | 13:19 CET
Tesla, wallstreet:online, Amazon: Buckle up!
Today's markets have to accept high losses on a broad front. The reasons cited are, of course, the rising number of infections and the fear of a new lockdown due to the corona pandemic. Despite the strong recovery since March, do we still see a W formation with new lows? That would probably be a disaster for some industries. Others, as absurd as it sounds, would benefit from home offices and boredom within their own four walls. In addition to e-commerce companies like Amazon, online brokers reported rising Q2 figures and a sharp increase in the number of new accounts opened, almost through the entire sector. Generation Z discovered the fun of gambling and, as can be seen in the example of Robinhood in the USA, provided for a high increase in trading activity. You will certainly not lose this if you have to stay at home again.
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ISIN: DE000A2GS609 , US0231351067 , US88160R1014
Profiteer of the crisis
The financial portal wallstreet:online also benefited significantly. Thanks to strong organic growth and the acquisition of several competitors such as Ariva.de, Finanznachrichten.de, and boersennews.de, the Berliners were able to post a 42.2% increase in revenues to EUR 6.29 million (previous year: EUR 4.42 million). Page impressions rose to 327 million in March 2020, an increase of 106% (last year: 159 million).
The innovative Berliners had a good feeling when they came around the corner with the "Smartbroker" in December 2019. The Smartbroker is part of wallstreet:online capital AG, in which wallstreet:online AG, in turn, holds a 43% stake and is to keep the majority in the future. The goal was to convert the user base that wallstreet:online has built up over the years into actively acting customers.
Initially, 60,000 accounts were to open in 2020. Still, due to the circumstances mentioned above, the product was in such high demand that the Company has now increased plans by 38.3% to 83,000 accounts.
Based on the strong half-year figures, analyst firm GBC has raised its estimates for the current fiscal year and now expects wallstreet:online to achieve consolidated revenues of EUR 29.25 million and EBITDA of EUR 7.30 million. For the following year 2021, GBC expects revenues of EUR 40.60 million and an EBITDA of EUR 11.08 million. The price target of EUR 92.00, which ripped to a new all-time high since last week, was raised to EUR 120 by the analysts. Due to a subsequent and already completed 1:8 stock split, the share price targets must be adjusted accordingly.
According to a report by "Business Insider Deutschland," the US analyst Pierre Ferragu of New Street Research considers prices of USD 1,200.00 for the electric car manufacturer Tesla to be realistic. It means a tripling of the current price level. His current target price is USD 578.00. For 2026, he believes that Elon Musk's company will generate sales of USD 100 billion and earnings of USD 16.00 per share. The main reason for the rapid increase in sales and profits will be due to the highly anticipated affordable e-cars for the general public. At Battery Day last September, Tesla announced a new model that will be available for USD 25,000.00 in about three years.
Quick end in Grünheide
The Europe - Gigafactory in Grünheide in the Oder-Spree district is to be constructed at lightning speed to serve the masses. In the future, 12,000 people are to find work on the 300-hectare site. Also, 500,000 electric cars per year are to come off the assembly line in the first stage from summer 2021 onwards.
Due to unpaid water bills, however, things will be tight with the schedule of super founder Musk. The Strausberg-Erkner water association turned off the water because Tesla did not pay the money, said an association spokeswoman on Thursday in Strausberg. Tesla received several reminders beforehand with the threat of a shutdown. The period of 14 days had expired. "Tesla is not treated differently from others", the spokeswoman said. The water will be turned on again once the outstanding payment is settled. We assume that the Americans will pay for the costs. Due to the years of leadership over other car manufacturers, this short lockdown should have little impact on the success story.