: excitement. New models are on the way, Musk said. And beyond that, Tesla will prosper as a pioneer in autonomous ridesharing. Shares jumped following the earnings release, and the momentum carried over into morning trading Wednesday as the stock surged as much as 14%.
But in his shift of focus, Musk is de-emphasizing the thing people are clamoring for, moving on to Tesla's next big thing, and shifting the valuation goalposts and ultimate vision for the company. Musk sees the day Tesla switches on unsupervised full self-driving as possibly “the biggest asset value appreciation in history.” That day might be farther than Musk hopes, and it may never arrive. But saying so is its own kind of value appreciation.
Bank of America said Apple could announce a 5% dividend increase and $90 billion share buyback program when it releases earnings next week.Steve Schwarzman founded Blackstone in 1985, and it has since become the world's largest alternative asset manager, with more than $1 trillion in assets. Schwarzman himself has racked up a net worth... -- Gold pared losses after weaker-than-expected US business activity data helped underpin the case for Federal Reserve rate cuts this year.