Will Interest Rate Cuts Save Tesla? Elon Musk Is Counting On It
Musk’s favorite excuse is going away.
Stocks soared Thursday after the Federal Reserve cut interest rates by 50 basis points the day before. One of the biggest winners was Tesla (TSLA -1.96%).
Shares jumped 7.4% as investors saw the rate cuts as a clear tailwind for the U.S.’s largest electric vehicle (EV) maker.
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