Tesla’s market value soared past $540-billion this week — equivalent to 250 times its expected earnings this year — meaning it’s now the world’s 10th most valuable listed business.
Author: Agency Staff
Bitcoin and other digital coins steadied on Friday after posting some of the biggest declines since the onset of the pandemic, a selloff that stoked fresh questions about this year’s boom in cryptocurrencies.
Huawei founder Ren Zhengfei has called on employees of its departing Honor subbrand to strive to surpass its parent in a farewell speech as the tech giant sells the budget brand to keep its sanction-hobbled supply chains alive.
Bitcoin plunged on Thursday, slamming the brakes on a blistering rally and sparking a sell-off among smaller digital coins. Bitcoin slumped as much as 13% to its lowest since 16 November.
Amazon.com’s widely used cloud service, Amazon Web Services was back up on Thursday following an outage that affected several users ranging from websites to software providers.
Shares in Tesla have surged 40% since 16 November, when it was announced the electric car maker would join the S&P 500 in December.
Volkswagen’s ID.3 hatchback rose to the top of Europe’s electric-car sales charts a few months after hitting the market, narrowly beating a Renault model and trouncing Tesla’s Model 3.
Technology and Internet stocks have been among the standout performers in 2020, but the scale of their advance has underlined concerns over valuation.
Huawei Technologies’ global smartphone market share is expected to fall to just 4% in 2021, a precipitous drop for the company that earlier this year ranked as the world leader in shipments.
The Public Investment Corp is willing to help Eskom resolve its debt crisis, finance minister Tito Mboweni said at the Bloomberg Capital Markets Focus virtual event.