Sign in
“Between two major growth waves”: Tesla could see “notably lower” growth in sales volumes of its electric vehicles, the company said in its shareholder deck (pdf), which it released overnight. The slowdown comes as Tesla — currently the world’s most valuable automaker — is “between two major growth waves” and is planning to focus this year on launching its next-generation vehicle at its Texas gigafactory. The company reported weak 3Q 2024 earnings, with revenues rising 3% to USD 25.2 bn, which the Financial Times notes is “its slowest pace of growth in more than three years” and falls short of the USD 25.6 bn analysts had expected.
|
ADX |
9,655 |
0.0% (YTD: +0.8%) |
|
|
DFM |
4,181 |
+1.8% (YTD: +3.0%) |
|
|
Nasdaq Dubai UAE20 |
3,905 |
+0.9% (YTD: +1.6%) |
|
|
USD : AED CBUAE |
Buy 3.67 |
Sell 3.67 |
|
|
EIBOR |
5.1% o/n |
5.1% 1 yr |
|
|
TASI |
12,174 |
+0.6% (YTD: 1.7%) |
|
|
EGX30 |
27,666 |
+0.3% (YTD: +11.1%) |
|
|
S&P 500 |
4,896 |
+0.7% (YTD: +2.6%) |
|
|
FTSE 100 |
7,527 |
+0.6% (YTD: -2.7%) |
|
|
Euro Stoxx 50 |
4,564 |
+2.2% (YTD: +0.9%) |
|
|
Brent crude |
USD 80.04 |
+0.6% |
|
|
Natural gas (Nymex) |
USD 2.67 |
+1.2% |
|
|
Gold |
USD 2,034.20 |
-0.1% |
|
|
BTC |
USD 40,117.17 |
+0.4% (YTD: -9.2%) |
THE CLOSING BELL-
The DFM closed up 1.8%, on turnover of AED 968.4 mn. The index is up 0.8% YTD.
In the green: Takaful Emarat (+14.9%), Dubai Islamic Bank (+7.7%) and Ekttitab Holding Company (+6.6%).
In the red: National International Holding Company (-10.0%), Al Firdous Holdings (-3.8%) and Emirates Reem Investments Company (-2.7%).
Over on the ADX, the index closed essentially flat on turnover of AED 1.2 bn, while Nasdaq Dubai rose 0.9%.
