What are MKM Partners 'Black Swan' Internet predictions for 2022?
As the year comes to a close, Wall Street analysts are practically falling over themselves with almost daily serious predictions aboutwhat to expect from the tech sector in 2022.So, it should come as no surprise that, like many analysts, MKM Partners managing director Rohit Kulkarni came out with a list of 10 things that could shape the Internet industry next year. However, instead of diving into matters such as revenue growth rates and price-to-earnings ratios, Kulkarni released a slate of "Bla
Tesla returns to the $1 trillion club after Musk says stock sales are done
Tesla stock jumps more than 7% and retakes $1 trillion market capitalization, $1,000 share price after CEO tells satirical website that he has completed his stock sales.Tesla Inc. is once again worth $1 trillion, after Chief Executive Elon Musk said he is done selling shares.Tesla shares roared 7.5% higher to $1,008.87 Wednesday, pushing share prices higher than $1,000 and the electric-car company's market capitalization -- the value of all shares -- past $1 trillion. After first topping that pl
Tesla Sends S&P 500 Crowd on a Wild Ride of Surges and Crashes
-- There was a sense among Wall Street types a year ago that Tesla Inc.’s entrance into the S&P 500 Index would calm the stock. Sure, it would still have sporadic moments of Elon Musk-driven swings -- up 5% Tuesday, down 5% Wednesday -- but overall, it would behave more like a proper, staid member of the blue-blooded community it was joining.In the 12 months since it was added to the index, Tesla’s stock has been every bit as volatile as it was in 2018 and 2019. . On a typical day, the electric