LESS THAN TWO months ago, shares of Tesla were on their way to just the third losing year in the electric-vehicle maker's decade-and-a-half as a public company. But after a furious rally in the last seven weeks, the stock is suddenly among the S&P 500 Index's best performers for 2024.
What happened to trigger the turnaround? Nothing at the company, where demand for its cars is still wobbly and the future looks increasingly uncertain. Rather it was what investors regard as a political masterstroke by Tesla's leader Elon Musk, aggressively supporting President-elect Donald Trump on the campaign trail and taking an unofficial role in his administration.
This story is from the December 23, 2024 edition of Financial Express Ahmedabad.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the December 23, 2024 edition of Financial Express Ahmedabad.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
It's slow going at Indiamart
THE B2B PLATFORM IS WORKING TO STABILISE OPERATIONS
ISRO to study how crops grow in space on PSLV-C60 mission
DEMONSTRATION OF SEED germination in outer space, a robotic arm to catch a tethered debris there, and testing of green propulsion systems are some of the experiments planned on the POEM-4, the fourth stage of ISRO's PSLV rocket that remains in orbit after launching a satellite.
Scott Boland & the 'stolen generation'
ONLY IN HIS mid-20s, did the 35-year-old Scott Boland, Australia's fast bowler set to play in the fourth Test against India, realise his aboriginal origins.
If it is business as usual, Viksit Bharat by 2047 will not happen
Raghuram Rajan, former RBI governor, in an interview with Udit Misra, speaks on a wide variety of topics, ranging from inflation to GDP growth to the impact of possible global trade war under President Trump's second term. Excerpts:
26 members enter startup billionaire club in 2024
Fifty-year-old Supam Maheshwari, an IIM Ahmedabad alumnus, founded the online platform for babycare products FirstCry after selling an e-learning company that he had set up.
Smartphone exports set to top ₹1.70 L cr
India's smartphone industry added exports worth ₹2.87 lakh crore, with domestic value addition reaching nearly 20%, according to ICEA. The sector's success is attributed to a strong government-industry partnership. In FY24, smartphone exports totaled ₹1.29 lakh crore, and electronics exports reached ₹2.41 lakh crore, with iPhones making up a significant portion. The government is focusing on export-led growth in this sector.
Broker strength falls 40% on compliance burdens
Brokerage firms are facing increasing compliance burdens, leading to a 40% decline in strength.
Eliminates odour, cleans indoor air in a jiffy
Ideal for bedrooms, offices, or small living areas
'Consumers prioritise value, want devices tailored to their needs'
JEFFREY LIANG, PRESIDENT, BENQ ASIA PACIFIC
GOVO GOBUDS SPORTComfortable fit for long sessions
These earbuds have low latency and a strong battery
