Tesla's market fortunes are turning round – with Elon Musk's company on track for its best month since 2020 after last year's dismal run
That's because investors are starting to anticipate that the Federal Reserve will cut interest rates at some point in 2023.
The majority of traders now expect the Fed to have started slashing rates by the end of the year, according toTesla was also boosted by a strong fourth-quarter earnings report. Tesla's revenue also grew 37% year-on-year to $24.3 billion, which narrowly beat analysts' $24.1 billion target and could show shareholders thatThe company has also benefited from China lifting its harsh zero-COVID lockdown policies, which has allowed it to ramp up production in its factories there.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
SEC investigating Tesla's self-driving vehicle claims made by Elon MuskThe U.S. Securities and Exchange Commission is investigating claims made by Tesla CEO Elon Musk regarding the company's autopilot vehicle feature.
Les mer »
Elon Musk's mysterious ways on display in Tesla tweet trialElon Musk's enigmatic personality and unconventional tactics are emerging as key exhibits in a trial revolving around one of his most polarizing pursuits — tweeting.
Les mer »
Elon Musk's mysterious ways on display in Tesla tweet trialSAN FRANCISCO (AP) — Elon Musk’s enigmatic personality and unconventional tactics are emerging as key exhibits in a trial revolving around one of his most polarizing pursuits — tweeting.
Les mer »
Elon Musk's mysterious ways on display in Tesla tweet trialElon Musk’s enigmatic personality and unconventional tactics are emerging as key exhibits in a trial revolving around one of his most polarizing pursuits — tweeting.
Les mer »
Elon Musk’s mysterious ways on display in Tesla tweet trialElon Musk’s enigmatic personality and unconventional tactics are emerging as key exhibits in a trial revolving around one of his most polarizing pursuits — tweeting.
Les mer »
Elon Musk's mysterious ways on display in Tesla tweet trialThe trial, centered on a pair of tweets announcing Musk had obtained the money to take Tesla private in 2018, reeled the 51-year-old billionaire into a federal courtroom in San Francisco for three days.
Les mer »