Shares of electric vehicle makers Tesla ( TSLA 5.97%), Rivian ( RIVN 3.94%), and Aehr Test Systems ( AEHR 15.39%) rallied on Wednesday, up 5.2%, 4.7%, and 15.8%, respectively, as of 11:30 a.m. ET.
Lower prices and incentives pinched Tesla’s profit margin on vehicle sales last year. Wall Street, however, expects demand to pick up in 2025 as the FederalReserve cuts interest rates.
Nvidia stock continued its correction, while Tesla shares jumped. Traders expect the FederalReserve to cut interest rates this week while the outlook for 2025 under President-elect Donald Trump ...
Lower prices and incentives pinched Tesla's profit margin on vehicle sales last year. Wall Street, however, expects demand to pick up in 2025 as the U.S. FederalReserve cuts interest rates.