Tesla Stock Gains. What History Says Happens on Fed Day.

Tesla Stock Gains. What History Says Happens on Fed Day. · Barrons.com

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It’s Fed day and Tesla shareholders were watching at 2 p.m. Eastern time to see what Federal Reserve chair Jerome Powell would do with short-term interest rates. Tesla stock closed at $227.20, down 0.3%, while the and fell about the same amount. Auto investors like lower interest rates because they make cars, which tend to be bought with financing, more affordable.