Tesla Inc (TSLA)

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MW UPDATE: Electric vehicle sales expected to grow 50% in 2021
1:08 PM ET 12/11/20 | MarketWatch

By Claudia Assis

Share issuance is the flavor of the week

Global electric-vehicle sales will grow 50% or more next year, while sales of internal combustion engine vehicles are expected to grow 2% to 5%.

That's the view of analysts at Morgan Stanley, who in a note to clients on Friday also predicted that global EV penetration would top 4%, rising to 31% by 2030.

The year 2021 "is shaping up to be a critical year for EV adoption and (internal combustion engine) de-adoption that will dictate the pace of multiple expansion, contraction, consolidation and proliferation" among the stocks, Morgan Stanley analyst Adam Jonas said in the note.

Investor interest in electric-vehicle and adjacent stocks continued unabated this week, as exemplified by Tesla Inc. (TSLA) closing the books on $5 billion worth of shares in just one day. (https://www.marketwatch.com/story/tesla-completes-5-billion-stock-sale-in-one-day-2020-12-10)