KUALA LUMPUR, Sept 8 (Bernama) -- Bursa Malaysia closed almost flat on Tuesday as buying interest rotated away from index heavyweights towards smaller-cap construction stocks, with sentiment affected by geopolitical uncertainty, said an analyst. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) eased 0.39 of a point to 1,714.40 from Monday’s close of 1,714.79. The benchmark index opened 1.65 points lower at 1,713.14 and moved between 1,710.44 and 1,714.50 throughout the trading session. The broader market was almost evenly balanced, with decliners leading gainers 548 to 546, while 598 counters were unchanged, 1,107 were untraded and 25 were suspended. Turnover expanded to 4.13 billion units valued at RM3.14 billion from 3.60 billion units valued at RM2.45 billion on Monday.
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...