KUALA LUMPUR, Nov 5 (Bernama) -- Bursa Malaysia closed higher, buoyed by Bank Negara Malaysia’s (BNM) decision to maintain the Overnight Policy Rate (OPR) at 2.75 per cent, alongside positive cues from Wall Street. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 19.30 points, or 1.19 per cent, to 1,635.86 from Wednesday’s close of 1,616.56. The benchmark index opened 6.72 points higher at 1,623.28, and fluctuated between an intraday high of 1,642.44 and a low of 1,622.62 during the trading session. However, market breadth was negative, with losers outnumbering gainers 723 to 497, while 466 counters were unchanged, 1,075 untraded and 10 suspended. Turnover rose to 3.74 billion units valued at RM3.61 billion compared with yesterday’s 2.81 billion units valued at RM2.57 billion.
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...