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Why Tesla Stock Hit the Accelerator Today

TheMotleyFool

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Why Tesla Stock Hit the Accelerator Today: https://g.foolcdn.com/editorial/images/711268/3840x2160-red-ms-city-curve.jpg

Tesla's (NASDAQ: TSLA) stock was rising this afternoon after Federal Reserve Chairman Jerome Powell said that smaller interest rate hikes will begin in December.

That news caused market indices to jump -- with the S&P 500 gaining 2.3% and the Nasdaq Composite rising 3.4% -- and they took Tesla's share's along with them.

The electric vehicle stock was up by 5.3% as of 3:34 p.m. EST.

Source Fool.com

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