Tesla ended its 13-day streak of gains, during which it added over $200bn to its value. Tesla’s market capitalisation rose to approximately $814bn, surpassing the value of Japan’s Toyota as Tesla’s shares rose by 40%. Tesla’s charging system was adopted by US automakers Ford and General Motors, sparking off the rally. Tesla’s forward price-to-earnings ratio far exceeds any other automaker at around 62, compared to Ford’s 8.2 and GM’s 5.6. Despite the rally’s end, Tesla’s stock price is sitting 28% higher than Wall Street’s median target of $200.
Cochin Shipyard shares tumble 8% as Q2 profit falls 50% YoY despite revenue growth
Cochin Shipyard shares fell sharply on Wednesday after the company reported a nearly 50% year-on-year decline in Q2 FY27 net profit to Rs 54 crore.
November 11, 2026