What Tesla’s Recent Rally Implies for the Broader Market

From Nasdaq: 2024-07-09 08:31:00

Wall Street’s rally is driven by AI giants like Tesla. TSLA stock surged over 37% in nine trading sessions after beating Q2 delivery estimates. Despite challenges in China, Tesla aims to expand its AI and autonomous driving technology. Analysts forecast a potential downside of 28.8%. A Fed rate cut may further boost the market.



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