NEW YORK, NY / ACCESSWIRE / September 19, 2017 / Tesla and Alibaba both soared to new highs on Monday. Alibaba saw big gains after a positive note from a Goldman Sachs analyst while Tesla cruised forward in anticipation of its semi-truck and semi-tractor trailer which are set to be unveiled next month.

RDI Initiates Coverage on:

Alibaba Group Holding Limited
https://rdinvesting.com/news/?ticker=BABA

Tesla, Inc.
https://rdinvesting.com/news/?ticker=TSLA

Alibaba's shares closed in the green on Monday with a gain of 1.86%. The stock even hit a brand new high of $180.29 during intra-day trading. The stock had some positive words from Goldman Sachs yesterday. Analyst Piyush Mubayi said in a note to clients, "We anticipate higher spending in lieu of competition in retail, rising content spending, and a step up in spending in Southeast Asia, with business-to-consumer, customer-to-customer, and payments falling in place for BABA in Indonesia." Mubayi also stated, "We lift our 12m SOTP-based target price 1% to US$211, mainly on higher revenues as higher near-term spending does not impact our longer-term view on segment margins." According to the bank, Alibaba has "plenty of room" to grow. "Recent strong growth in China's retail industry and online consumption reinforced our bullish view on BABA's China retail segment. We expect the company to continue to outperform," said Goldman.

Access RDI's Alibaba Group Holding Limited Research Report at:
https://rdinvesting.com/news/?ticker=BABA

Tesla's shares closed up 1.37% yesterday and hit an all-time new high of $389.61. The electric vehicle giant has ramped up production of its Model 3 and is also preparing to unveil the highly anticipated electric truck that CEO Elon Musk has called a "beast." The company is also planning to unveil a semi-tractor trailer in October. Musk tweeted last week that it will unveil its all-electric big rig next month and called it "unreal." Musk has used feedback from the trucking industry with the design process of the big rig. He said back in June, "We're getting them closely involved in the design process, so the biggest customers of the heavy duty Tesla semi are helping ensure that it is specified to their needs, so it's not a mystery. They already know that it's going to meet their needs, because they've told us what those needs are. So it'll really just be a question of scaling volume to make as many as we can.” As for the Model 3, Tesla has said the reservations for the vehicle have grown to over 500,000.

Access RDI's Tesla, Inc. Research Report at:
https://rdinvesting.com/news/?ticker=TSLA

Our Actionable Research on Alibaba Group Holding Limited (NYSE: BABA) and Tesla, Inc. (NASDAQ: TSLA) can be downloaded free of charge at Research Driven Investing.

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