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On the prime of the yr, the Wall Road Journal let the world know in regards to the “Magnificent Seven,” a basket of tech shares that merchants had been hyping up for the excessive income amid a interval of financial uncertainty.
Two of them—Microsoft and Apple—are now $3 trillion companies. 4 of the others (Nvidia, Fb guardian firm Meta, Google guardian firm Alphabet, and Amazon) have seen their shares begin 2024 with a pleasant bump.
After which there’s Tesla.
The electrical automobile maker that helped make Elon Musk one of many richest males on the planet has been having a tough go of issues currently. It’s been coping with waves of huge recalls masking every little thing from its vehicles’ autopilot options to the locks on their doorways.
Plus, it’d quickly lose its spot as the biggest EV company on the planet to China’s BYD as Hyundai and Kia nip its heels at dwelling within the US. It doubtless doesn’t assist that buyers and firm insiders are increasingly concerned about Musk’s drug use.
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