Wed, Apr 24, 2024 11:57 AM
Tata Elxsi shares down by 5% after disappointing Q4 results
A Flip by Avya Verma
As far as quarterly results go, Amazon (NASDAQ: AMZN) shareholders have nothing to complain about right now. The e-commerce giant's first-quarter revenue of $143.3 billion and per-share earnings of $0.98 both topped estimates and were well up from year-ago levels. Amazon stock edged higher following Tuesday evening's release of the company's first-quarter report.
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Expert view: Pawan Bharadia, the co-founder of Equitree, believes the Indian stock market has factored in many positives, and there may be some profit booking after the election results are out. In an interview with Mint, Bharadia said that not all mid and small-cap space is frothy. For the Indian IT sector, Bharadia believes growth recovery could still be a little distant.
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This breakthrough is considered to be important for Tesla, because China is the world's largest market for EVs. It has 54% of global electric car stocks. Almost 60% of new electric car registrations in 2023 were in China, against 10% in the US, according to the International Energy Agency's Global EV Outlook for 2024. China accounted for about 40% of Tesla's sales last year.
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