KUALA LUMPUR, Dec 5 (Bernama) -- Bursa Malaysia closed lower on Friday amid mixed regional market performance as investors turned cautious over a possible rate hike by the Bank of Japan (BOJ) and upcoming US economic data that may influence the Federal Reserve’s (Fed) interest rate decision next week. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) pared most earlier losses to settle 4.55 points easier, or 0.28 per cent, to 1,616.52 from Thursday’s close of 1,621.07. The benchmark index, which opened 0.37 of-a-point lower at 1,620.70, moved between 1,609.67 and 1,621.25 throughout the day. The broader market was negative, with decliners outpacing advancers 604 to 439. A total of 550 counters were unchanged, 1,151 untraded, and 18 suspended. Turnover declined to 3.17 billion units worth RM2.24 billion from 4.48 billion units worth RM2.75 billion yesterday. Rakuten Trade Sdn Bhd vice-presiden...
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