Tesla shares are trading higher amid overall market strength following a drop in Treasury yields from the release of new U.S. economic data. Also, reports suggest the company today is launching a $300 million AI computing cluster powered by NVIDIA chips.
Portfolio Pulse from Benzinga Newsdesk
Tesla shares are trading higher due to overall market strength following a drop in Treasury yields from the release of new U.S. economic data.
August 29, 2023 | 3:22 pm
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Tesla's stock is trading higher due to overall market strength following a drop in Treasury yields.
The drop in Treasury yields has led to overall market strength, which has positively impacted Tesla's stock. As a result, Tesla's shares are trading higher.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100