The electric vehicle maker's nearly $800 billion market capitalisation -- more than eight times bigger than General Motors Co and Ford Motor Co's combined value -- is underpinned by investors' expectation that the Elon Musk-led company will be a powerhouse in autonomous vehicles and artificial intelligence. The shares have risen nearly 70 per cent since Musk touted the pivot to AI in April, even as sales languished and profit sank.
Thursday's event, where Tesla is expected to reveal the so-called Robotaxi, and likely another new vehicle, represents a "make or break night" for the shares, said Mike O'Rourke, chief market strategist at JonesTrading. The demo kicks off at 7 pm California time at Warner Bros Discovery Inc's movie studio near Los Angeles.
هذه القصة مأخوذة من طبعة October 11, 2024 من Business Standard.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة October 11, 2024 من Business Standard.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
Loser takes all
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After gaining over 15 per cent in the first half of the week, the stock of oral care major Colgate-Palmolive (India) has shed about a third of those gains.
