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Tesla’s Meme-Like Stock Surge Leaves Wall Street Feeling Wary

(Bloomberg) -- Tesla Inc.’s post-election surge, powered by Elon Musk’s full-throated support for Donald Trump, has added almost $250 billion to the carmaker’s value, a staggering sum that now has some on Wall Street urging caution.Most Read from BloombergUnder Trump, Prepare for New US Transportation PrioritiesThe Leaf Blowers Will Not Go QuietlyNo Water by Year-End for This Zimbabwean City of 700,000 PeopleArizona Elections Signal Robust Immigration Enforcement Under TrumpScoring an Architectu

Swiggy defies weak market in strong India debut

Shares of Swiggy ended debut day up 10.67% at ₹455.95 ($5.4) on Wednesday as the food-delivery and quick-commerce startup concluded India's second-largest IPO this year. The closely watched listing makes the company a direct comparable for what analysts have long considered the benchmark Indian internet stock: Zomato. The listing of the 10-year-old Bengaluru-headquartered firm marks a milestone for India's startup ecosystem, where several firms are eyeing similarly large public offerings in the next 24 months. It's also a major liquidity event for Swiggy's backers, which include Prosus (its paper returns have already reached $2 billion), SoftBank and Accel.