Robert Lewandowski scored a hat-trick taking him to 31 Bundesliga goals for the season and sealing Bayern Munich's 4-2 comeback over Borussia Dortmund in Germany's 'der Klassiker'.
Dortmund raced into a 2-0 lead as Erling Haaland netted twice in the first nine minutes behind closed doors at the Allianz Arena in Munich.
However, Lewandowksi struck twice, the second from the penalty spot, to haul Bayern level before the break.
Leon Goretzka put Bayern ahead for the first time with only two minutes left before Lewandowski completed his hat-trick on 90 minutes.
"The quality is certainly there, that's our DNA," said veteran Thomas Muller of Bayern's fightback.
The win leaves Bayern two points clear of RB Leipzig at the top of the table.
"We shook ourselves up at 2-0 down and deserved to win because we were the dominant team for the last 60 minutes," Bayern coach Hansi Flick said.
Bayern have won the last five meetings between the clubs.
"We weren't good enough. We started well, but didn't play good enough football. We should have been more brave," Dortmund midfielder Emre Can said.
The match delivered on its billing as the battle of the Bundesliga's star strikers.
Haaland scored after two minutes, his shot clipping the heel of Jerome Boateng, helping it into the net.
Bayern were reeling after nine minutes when Thorgan Hazard flicked the ball back inside for Haaland to smash home.
Dortmund could have been 3-0 up on 25 minutes but Thomas Meunier squandered a chance to shoot.
A minute later, Bayern pulled a goal back when Leroy Sane squared for Lewandowski to score.
Bayern went into the break level when Mahmoud Dahoud brought down Kingsley Coman in the penalty area and Lewandowski converted the spot-kick.
After a frantic first-half, the tempo dropped in the second as both teams suffered key injuries.
Haaland came off after an hour gone with a cut on the back of his ankle.
With ten minutes left, Boateng had to be helped off in clear discomfort after twisting his knee.
Dortmund were left fuming for what captain Marco Reus claimed was a foul on Can late on.
"It was a clear foul – if that had been against Bayern, it would have been given," Reus said.
Bayern settled the matter when Goretzka pinged his shot in off the post before Lewandowski completed his hat-trick with an outstanding low drive.
"We started great and ended very badly," Dortmund coach Edin Terzic said.
With ten games left, Lewandowski threatens to break Gerd Mueller's all-time record of 40 Bundesliga goals in the 1971/72 season.
Earlier, RB Leipzig briefly climbed top of the table with a 3-0 romp at Freiburg thanks to goals by Christopher Nkunku, Alexander Sorloth and Emil Forsberg.
How the UAE gratuity payment is calculated now
Employees leaving an organisation are entitled to an end-of-service gratuity after completing at least one year of service.
The tenure is calculated on the number of days worked and does not include lengthy leave periods, such as a sabbatical. If you have worked for a company between one and five years, you are paid 21 days of pay based on your final basic salary. After five years, however, you are entitled to 30 days of pay. The total lump sum you receive is based on the duration of your employment.
1. For those who have worked between one and five years, on a basic salary of Dh10,000 (calculation based on 30 days):
a. Dh10,000 ÷ 30 = Dh333.33. Your daily wage is Dh333.33
b. Dh333.33 x 21 = Dh7,000. So 21 days salary equates to Dh7,000 in gratuity entitlement for each year of service. Multiply this figure for every year of service up to five years.
2. For those who have worked more than five years
c. 333.33 x 30 = Dh10,000. So 30 days’ salary is Dh10,000 in gratuity entitlement for each year of service.
Note: The maximum figure cannot exceed two years total salary figure.
How Tesla’s price correction has hit fund managers
Investing in disruptive technology can be a bumpy ride, as investors in Tesla were reminded on Friday, when its stock dropped 7.5 per cent in early trading to $575.
It recovered slightly but still ended the week 15 per cent lower and is down a third from its all-time high of $883 on January 26. The electric car maker’s market cap fell from $834 billion to about $567bn in that time, a drop of an astonishing $267bn, and a blow for those who bought Tesla stock late.
The collapse also hit fund managers that have gone big on Tesla, notably the UK-based Scottish Mortgage Investment Trust and Cathie Wood’s ARK Innovation ETF.
Tesla is the top holding in both funds, making up a hefty 10 per cent of total assets under management. Both funds have fallen by a quarter in the past month.
Matt Weller, global head of market research at GAIN Capital, recently warned that Tesla founder Elon Musk had “flown a bit too close to the sun”, after getting carried away by investing $1.5bn of the company’s money in Bitcoin.
He also predicted Tesla’s sales could struggle as traditional auto manufacturers ramp up electric car production, destroying its first mover advantage.
AJ Bell’s Russ Mould warns that many investors buy tech stocks when earnings forecasts are rising, almost regardless of valuation. “When it works, it really works. But when it goes wrong, elevated valuations leave little or no downside protection.”
A Tesla correction was probably baked in after last year’s astonishing share price surge, and many investors will see this as an opportunity to load up at a reduced price.
Dramatic swings are to be expected when investing in disruptive technology, as Ms Wood at ARK makes clear.
Every week, she sends subscribers a commentary listing “stocks in our strategies that have appreciated or dropped more than 15 per cent in a day” during the week.
Her latest commentary, issued on Friday, showed seven stocks displaying extreme volatility, led by ExOne, a leader in binder jetting 3D printing technology. It jumped 24 per cent, boosted by news that fellow 3D printing specialist Stratasys had beaten fourth-quarter revenues and earnings expectations, seen as good news for the sector.
By contrast, computational drug and material discovery company Schrödinger fell 27 per cent after quarterly and full-year results showed its core software sales and drug development pipeline slowing.
Despite that setback, Ms Wood remains positive, arguing that its “medicinal chemistry platform offers a powerful and unique view into chemical space”.
In her weekly video view, she remains bullish, stating that: “We are on the right side of change, and disruptive innovation is going to deliver exponential growth trajectories for many of our companies, in fact, most of them.”
Ms Wood remains committed to Tesla as she expects global electric car sales to compound at an average annual rate of 82 per cent for the next five years.
She said these are so “enormous that some people find them unbelievable”, and argues that this scepticism, especially among institutional investors, “festers” and creates a great opportunity for ARK.
Only you can decide whether you are a believer or a festering sceptic. If it’s the former, then buckle up.
