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.
What Changes / What Doesn’t Tesla ’s Q4 earnings are not about whether the quarter was “good” or “bad”. They are about whether the valuation framework investors are using still holds . At current prices, Tesla is not valued as a car company . It is valued as a future AI + energy platform with optionality priced in today . This earnings call tests how much of that optionality remains credible . What DOESN’T Change After This Earnings 1. Deliveries Are No Longer the Core Debate Q4 deliveries down ~16% YoY are already fully discounted Volume volatility is now treated as background noise The market has accepted that Tesla is past its hyper-growth auto phase No re-rating happens just because deliveries are weak — unless margins collapse. 2. AI / Robotaxi Is Still a Forward Option, Not a Cash Flow Driver Robotaxi, FSD and Optimus contribute near-zero earnings in 2026–27 models Bulls and bears already agree on this fact The disa...