Tesla Bulls and Bears Agree: This Is Not an Auto Stock

The long-standing debate among investors whether Tesla Inc. should be valued as a carmaker or a technology superpower came close to a resolution this week as the company laid out plans for a dramatic reshuffling of its factory lines. It prompted both bullish and...

Apollo Returns 18% for Retail Clients With Higher-Stakes PE Bets

Apollo Global Management Inc. reaped returns of 18.3% last year for individual investors by largely betting on single companies that private equity firms want to hold longer or can’t sell — a strategy viewed by some investors as being relatively risky. The...

Hedge Fund Investors Renew China Appetite as US Interest Wanes

A growing number of global investors plan to add money to China-focused hedge funds this year, a stark reversal from the stampede for the exit only three years ago, according to an annual survey by BNP Paribas SA. A net 14% of investors intend to channel more capital...

Waymo Probed After Robotaxi Hit Child Near Elementary School

US auto safety regulators are investigating a Waymo autonomous vehicle that struck a child near a school in Santa Monica, California, the second recent probe to examine the behavior of the Alphabet Inc. unit’s robotaxis near children. The vehicle collided at a low...