Wall Street opening up – Tesla, which has been in a sharp decline in recent days, opened up more than 5 percent

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Shortly after the open, the S&P 500 index was up 0.4 percent, the Nasdaq was up 0.5 percent, and the Dow Jones was up 0.3 percent.

Nasdaq ended yesterday Of Tesla driven to a 1.4 percent decline. On Tuesday, Tesla fell 11 percent after announcing the continuation of the production stop at the Shanghai factory.

On Wednesday, the electric car manufacturer Tesla opened the week after a decline. After some trading, the company’s share increased by more than 5.5 percent.

Tesla shares are already down 73 percent from their peak in November last year. During 2022, the reduction was 69 percent, and in December only 44 percent.

The founder of Tesla, who recently bought Twitter Elon Musk sold Tesla shares for about $3.6 billion in December. Musk linked the drop in Tesla stocks to the interest rate policy of the US Federal Reserve and said on Twitter that more people are converting their shares into cash, which is causing the -share prices go down.

Source: Arvopaperi from www.arvopaperi.fi.

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