Tesla rises on Wall Street | FinanceAffairs.com

Tesla rises on Wall Street |  FinanceAffairs.com

All three major indexes on Wall Street rose on Monday.

The 10-year US government bond yield is 4.64 percent, while the VIX index, also called the fear index, fell 0.13 percent to 15.01.

“Long-term interest rates do not have to rise much further before they become a red light,” chief analyst Peter Slingstadley wrote in a report from Norne Securities.


Tesla shares rose by 15.31 percent after the electric car maker achieved an important achievement in introducing self-driving car technology in China. Tesla said on Sunday, according to CNBC, that local Chinese authorities had removed restrictions on its cars after Tesla passed the country's data security requirements.

Tesla CEO Elon Musk personally went to Beijing, where the goal was to meet with high-level Chinese representatives to discuss the rollout of Full Self-Driving (FSD) software in China.


This is how it went with the major indexes on Wall Street:

  • The Dow Jones index rose 0.39 percent to 38,387.06 points.
  • The Standard & Poor's 500 index rose 0.32% to 5,070.71 points.
  • The Nasdaq index rose 0.35 percent to 15,694.45 points.


There was a mixed mood between “The Magnificent Seven” Alphabet, Amazon, Apple, Meta, Microsoft, Nvidia and Tesla:

  • Facebook shares fell 2.41 percent to 432.61 points
  • Amazon shares rose 0.75 percent to 180.96 points
  • Apple shares rose 2.48 percent to 173.50
  • Netflix shares fell 0.31 percent to 559.49 points
  • Alphabet shares fell 3.33% to 167.90
  • Tesla shares rose 15.31 percent to 194.05
  • Nvidia shares rose 0.03 percent to 877.57 points


Price of a barrel of North Sea oil Brent It fell 2.19 percent to $87.21 per barrel. West Texas Intermediate crude oil– Oil rose 1.20 percent to $83.13 per barrel

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Hanisi Anenih

Hanisi Anenih

"Web specialist. Lifelong zombie maven. Coffee ninja. Hipster-friendly analyst."

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