What's Going On With Tesla Stock Today
Portfolio Pulse from Henry Khederian
Tesla Inc's shares are trading lower by 2.66% amid overall market weakness and concerns over further rate hikes. The Federal Reserve's latest data shows signs of supply and demand in the labor market moving toward a better balance. Higher interest rates could increase Tesla's borrowing costs, potentially impacting its ability to invest in future growth. Investors may also reassess the valuation of growth-oriented companies like Tesla, leading to downward pressure on stock prices.
July 06, 2023 | 3:48 pm
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Tesla's stock is trading lower due to overall market weakness and potential rate hikes. Higher interest rates could increase Tesla's borrowing costs, impacting its ability to invest in future growth and putting downward pressure on its stock price.
The article mentions that Tesla's stock is trading lower due to overall market weakness and concerns over further rate hikes. Higher interest rates increase the cost of borrowing for businesses, which could lead to increased expenses for Tesla and potentially impact its ability to invest in future growth. Additionally, as interest rates rise, investors may reassess the valuation of growth-oriented companies like Tesla, leading to downward pressure on stock prices.
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