Reported 1 day ago
Tesla shares surged over 6% amid a market rally driven by Federal Reserve Chair Jerome Powell's comments suggesting potential interest rate cuts. The electric vehicle manufacturer, despite facing challenges this year and a decline in its stock value, is benefiting from a favorable environment for consumers financing large purchases. The price of its Cybertruck has increased by $15,000, indicating a strategy to assess demand for bundled services, even as concerns remain about future sales.
Source: YAHOO