Why Tesla Stock Hit the Accelerator Today
Tesla's (NASDAQ: TSLA) stock was rising this afternoon after Federal Reserve Chairman Jerome Powell said that smaller interest rate hikes will begin in December.
That news caused market indices to jump -- with the S&P 500 gaining 2.3% and the Nasdaq Composite rising 3.4% -- and they took Tesla's share's along with them.
The electric vehicle stock was up by 5.3% as of 3:34 p.m. EST.
Source Fool.com
