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Will Interest Rate Cuts Save Tesla? Elon Musk Is Counting On It
Stocks soared Thursday after the Federal Reserve cut interest rates by 50 basis points the day before. One of the biggest winners was Tesla (NASDAQ: TSLA). Shares jumped 7.4% as investors saw the rate cuts as a clear tailwind for the U.S.'s largest electric vehicle (EV) maker. That gain was enough to add $50 billion to its market cap.
A Rate Cut Won’t Be Tesla’s Saving Grace
Higher interest rates have been proved to be a headwind for the auto industry at large, and Tesla is no exception.
Tesla Stock Is Soaring. Why Rate Cuts Matter for Automakers.
Shares of electric-vehicle maker Tesla tend to be more volatile the day after a Federal Reserve interest-rate decision than on the day itself.
Why the Tesla share price just rallied
A jumbo rate cut fed hopes for the auto industry. The post Why the Tesla share price just rallied appeared first on The Motley Fool Australia.
Rate Cuts Won’t Fix Tesla’s Deeper Problems
Elon Musk has indicated that the U.S. Federal Reserve’s tight monetary policy is a key factor behind Tesla’s cooling sales, particularly in the U.S. market. With financing costs elevated, many potential car buyers have held off on making purchases.
Torque News
10h
Tesla Cuts FSD Prices to as Low as $4,500 – Owners Who Paid $15,000 Demand a Refund
Tesla's recent price cuts for the full-self-driving software have angered current owners who have paid more than three times ...
1d
on MSN
As Tesla’s European sales plummet 36% in August, automakers warn EV market now on ‘continual downward trajectory’
The good news for Tesla is for once it didn't perform any worse than overall EV demand in Europe in August. The bad news is ...
8h
‘It looks like a tank’: Is this ‘futuristic’ car better than a Tesla Cybertruck?
Like the Tank, Cybertrucks are also bulletproof and can withstand blows from a bat. It’s a “formidable off-roading machine” ...
1d
on MSN
Zeno emerges from stealth to crib Tesla’s master plan for Africa and beyond
Yet Michael Spencer thinks that the shift that’s occurring in places like the U.S., Europe, and China is just the beginning. ...
2d
on MSN
Tesla Superchargers are about to get a lot more crowded
General Motors is only the third company to get access to Tesla's vast Supercharger network as a flood of announcements gave ...
Torque News
1d
Help, My Tesla Is Losing Battery Charge Overnight - What Can I Do?
A Tesla owner sees that her Tesla's battery goes down by 1% overnight and wonders what she can do to avoid this. We'll ...
2d
on MSN
GM offers Tesla Supercharger adapters to electric vehicle owners for $225 a pop
Detroit automaker's U.S. customers will be able to buy GM-approved NACS DC adapter through vehicle brand's mobile apps.
2d
G.M. Electric Vehicles Gain Access to Tesla Chargers
After a delay of several months, General Motors said owners of its battery-powered models would now be able to use Tesla ...
2d
on MSN
GM electric vehicles can now use Tesla Superchargers
GM says it’s ready to start selling power adapters compatible with Tesla, more than a year after it announced plans to adopt ...
2d
on MSN
GM offering adapters to help electric vehicle owners access Tesla chargers
General Motors is now offering adapters to help its electric vehicle owners access Tesla chargers. The automaker said ...
3h
Tesla, SpaceX employees are donating to Harris despite Musk backing Trump
Workers at Tesla and SpaceX have contributed to Democratic presidential nominee Kamala Harris' campaign even as Elon Musk ...
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