Markets
On Thursday, markets breathed a much-needed sigh of relief as the corporate earnings spotlight shifted to Tesla, delivering a mega-cap surprise, sending the stock soaring to nearly 22%. This was Tesla’s best day since 2013, as Q3 results outpaced expectations, and Elon Musk’s vague but bullish promise of “20% to 30% growth next year” lit the fuse. Sure, part of the rally was down to the numbers, but, honestly, Musk’s ability to fire up investors’ imagination powered this massive surge. After all, we just witnessed SpaceX pull off a childhood dream by catching a Starship booster with ‘Chopsticks’ on a historic Flight 5! Musk has that magic touch, and investors are buying in.
With investors utterly vexed by the U.S. election run-up amid the suffocating tension, the rally couldn’t have come at a better time. The political uncertainty looming over markets has been palpable, with every twist in the…
