What's Going On With Tesla Stock Today
Portfolio Pulse from Henry Khederian
Tesla Inc's shares are trading lower, down by 1.1% to $263.70, in line with the broader market following the Federal Reserve's decision. The company, which relies on borrowing for various purposes, could face higher borrowing costs if the Federal Reserve hints at future rate hikes. Tesla has historically burned through significant amounts of cash and carries substantial debt, so higher interest rates could increase its interest expenses, potentially impacting profitability and cash flow.

September 20, 2023 | 7:55 pm
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Tesla's stock is trading lower due to the Federal Reserve's decision. The company's reliance on borrowing could lead to higher costs if the Federal Reserve hints at future rate hikes. This could impact Tesla's profitability and cash flow.
Tesla's stock is trading lower in line with the broader market following the Federal Reserve's decision. The company relies heavily on borrowing for its operations and investments. If the Federal Reserve hints at future rate hikes, this could lead to higher borrowing costs for Tesla, which could increase its interest expenses. This could potentially impact the company's profitability and cash flow, which investors closely monitor.
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