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Tesla Shares Surge 6% Amid Rate Cut Speculation and FSD Upgrade
Tesla Shares Surge 6% Amid Rate Cut Speculation and FSD Upgrade
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Tesla (TSLA) rallied 6.22% on Friday as Federal Reserve Chair Jerome Powell's Jackson Hole remarks fueled expectations of a September rate cut. Traders now price in a 91% probability of easing, up from 75% pre-speech. The dovish shift propelled growth stocks, with the Nasdaq climbing 1.8% and Tesla closing at $340.01 on $31.2 billion volume—the day's most actively traded name.
Concurrently, Elon Musk revealed a tenfold expansion of Tesla's Full Self-Driving (FSD) parameters, targeting an end-of-September software release. The dual catalysts—monetary policy tailwinds and technological advancement—created ideal conditions for the EV maker's outperformance.
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