Why Did Tesla Stock (TSLA) Jump Today?
Shares of (NASDAQ: TSLA) climbed higher on Thursday, finishing the day up 6%. The spike came as the S 500 gained 0.8% and the Nasdaq Composite rose 0.7%.
The latest consumer price index (CPI) data was released this morning alongside the latest unemployment figures. The results made investors more confident that rate cuts are coming, lifting stocks across the market.
The Federal Reserve today received the last of the primary data it will use to decide whether to cut rates (and by how much) at its meeting next week. The CPI report for August was hotter than expected and is now close to a whole percentage point higher than the Fed's target of 2%. Under normal circumstances, that would likely mean the Fed would hold rates steady or consider increasing them.
Source Fool.com
Tesla Inc Stock
Currently there is a rather positive sentiment for Tesla Inc with 106 Buy predictions and 41 Sell predictions.
However, we have a potential of -1.22% for Tesla Inc as the target price of 400 € is below the current price of 404.95 €.
