Malaysia’s benchmark index retreated as profit-taking in key heavyweights weighed on sentiment, while overall market activity remained active. Summary FBM KLCI fell 0.83% to 1,684.93 , dragged by losses in banking and selected large-cap names, despite steady trading participation. Market Performance FBM KLCI : 1,684.93 (-0.83%) FBM Mid 70: -0.00% (flat) FBM Small Cap: -0.23% FBM ACE: +0.20% Broad market was mixed , with weakness concentrated in large caps. Market Breadth & Trading Activity Total volume: 3.54 billion shares Total value: RM4.19 billion Gainers: 456 Losers: 678 Unchanged: 550 Market breadth turned negative , reflecting cautious sentiment. Top Movers – KLCI Gainers Axiata (6888.MY) +1.54% Petronas Gas (6033.MY) +1.18% Sunway (5211.MY) +1.15% Losers Hong Leong Bank (5819.MY) -3.29% Maybank (1155.MY) -3.02% CIMB (1023.MY) -2.47% Banking sector weakness was the main ...
Once a strong Tesla supporter, Gerber Kawasaki Wealth & Investment CEO Ross Gerber now warns that Tesla's stock (TSLA) could plunge 50% in 2025. Having sold $60 million worth of Tesla shares, he cites growing concerns over Tesla’s declining popularity, autonomous driving setbacks, and CEO Elon Musk’s shifting priorities.
Tesla's stock has already dropped 16% this year, and Wall Street firms like JPMorgan have set a $135 price target, implying a 60% downside.
Key Reasons Behind Gerber’s Bearish Outlook:
1️⃣ Autonomous Taxi Network is Unrealistic – Musk’s goal of launching self-driving taxis in Austin by June seems impossible to achieve.
2️⃣ Self-Driving Technology Lacks LIDAR – Tesla's reliance on cameras over LIDAR raises concerns about safety and functionality.
3️⃣ Musk’s AI Focus is Hurting Tesla – With Musk prioritizing AI and spending less time at Tesla, car sales are slowing amid fierce competition from China’s BYD.
4️⃣ Political Backlash – Musk’s association with Donald Trump could alienate potential customers, creating an anti-Tesla sentiment.
Why It Matters:
Gerber’s warnings align with Tesla’s recent stock struggles. As competition intensifies and investor confidence wanes, 2025 could be a tough year for Tesla's stock.
💡 Do you think Tesla will rebound, or is a major crash coming?
Comments
Post a Comment