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Elon Musk’s Private Companies Soar in Secondary Market Since Election

(Bloomberg) -- Shares of Tesla Inc., Elon Musk’s public company, have been in freefall for the last few months. But shares in his private companies aren’t.Most Read from BloombergTrump DEI Purge Hits Affordable Housing GroupsNYC Congestion Pricing Toll Gains Support Among City ResidentsElectric Construction Equipment Promises a Quiet RevolutionOpen Philanthropy Launches $120 Million Fund To Support YIMBY ReformsInside the ‘Not Architecture’ of High Line Designers Diller Scofidio + RenfroSecondar

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Upland (NASDAQ:UPLD) Reports Q4 In Line With Expectations But Stock Drops

Business automation software provider Upland Software (NASDAQ: UPLD) met Wall Street’s revenue expectations in Q4 CY2024, but sales fell by 5.8% year on year to $68.03 million. On the other hand, next quarter’s revenue guidance of $62 million was less impressive, coming in 7.7% below analysts’ estimates. Its non-GAAP profit of $0.41 per share was significantly above analysts’ consensus estimates.

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3 Growth Stocks with All-Star Potential

Growth boosts valuation multiples, but it doesn’t always last forever. Companies that cannot maintain it are often penalized with large declines in market value, a lesson ingrained in investors who lost money in tech stocks during 2022.

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