Tesla earnings: Stock rises after company gives upbeat outlook
Tesla executives seemed to have hit all the right notes on Wednesday, with the stock holding on to 12% after-hours gains as the call wrapped up.
Only two analysts were able to ask questions, with most of the call spent going over pre-submitted questions from Tesla shareholders.
Chief Executive Elon Musk called for 20% to 30% vehicle sales growth for 2025,
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Read MoreTSLA stock climbs as Elon Musk says ‘Tesla FSD is now almost entirely AI’
On November 1, shares of electric vehicle maker Tesla (NASDAQ: TSLA) opened at $252.34 before dropping to an intraday low of $250. However, shortly after, the stock began a gradual climb upward as co-founder and CEO Elon Musk took to X.
Tesla’s full self-driving (FSD) technology is now almost entirely artificial intelligence — as per the response Musk made to a 2022 video where the innovator predicted such an outcome.
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Read MoreChina-EU trade war erupts as Beijing files WTO complaint over EV tariff hikes
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China’s Ministry of Commerce said on Wednesday that it “does not agree with or accept” the EU’s decision to proceed with extra duties on the EVs after the conclusion of an anti-subsidy probe that began last year.
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Read MorePAG Co-Founder Sees Trade War Benefiting China in the Long Run
Rising protectionism globally and a deeper trade war with the US may give China the much-needed push to bolster domestic consumption, said Weijian Shan, who chairs one of Asia’s largest alternative asset managers.
An escalation of trade conflicts would spur China to reorient its economy “away from investments and exports in the direction of private consumption,” Shan said in an episode of the Asia Centric podcast with Bloomberg Intelligence.
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Read MoreRelease more exec condo sites to meet bullish demand
While some state land tenders this year drew a lukewarm response, the tender by the Housing and Development Board (HDB) for the 99-year leasehold executive condominium (EC) site that can yield some 560 homes in Tampines Street 95 drew five bidders and a top bid by Sim Lian of S$465 million or around S$768 per square foot per plot ratio (psf ppr).
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Read MoreThe Burst
84.2% of Bill Gates Portfolio In 4 Stocks
If you went to an Ivy League business school, you would probably learn about diversification and efficient markets, and how it’s not possible to beat the market. Why then do so many billionaires violate the tenets of top academics?
In simple terms, when you have an information advantage, or a winning investment thesis,
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Read MoreThe Ivy
1 Really Cheap Dividend Stock with 25.2% Upside
Dollar General has underperformed the market by 69% this year, posting a year-to-date loss of 53% but perhaps the decline has provided value investors with a new opportunity now that the price-to-earnings ratio is just 11.7x, almost half the multiple of the S&P 500.
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