© Reuters. What’s Going On With Tesla Stock Today
Benzinga – Tesla Inc (NASDAQ: NASDAQ:) shares are trading higher by 2.71% to $195.89 Friday afternoon. Tesla shares are trading higher again Friday amid overall market strength following softer-than-expected October inflation data. This has pressured yields and helped lift growth stocks while also raising hopes of softer Fed policy.
Data released this week showed a slowdown in inflation and a rise in jobless claims. This has alleviated some concerns of high inflation and a tight labor market.
What Happened With CPI Data?
The headline CPI rose 7.7% in October, down from 8.2% in September, according to data from the U.S. Bureau of Labor Statistics.
The October CPI reading came in below average economist estimates of 8%.
Thursday’s highly anticipated CPI inflation reading comes a week after the Federal Reserve raised its benchmark rate by 0.75% for the fourth straight time in a continued fight against historically high inflation…Read More
According to data from Benzinga Pro, TSLA has a 52-week high of $402.67 and a 52-week low of $177.12.
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