Tesla's market fortunes are turning round – with Elon Musk's company on track for its best month since 2020 after last year's dismal run
That's because investors are starting to anticipate that the Federal Reserve will cut interest rates at some point in 2023.
The majority of traders now expect the Fed to have started slashing rates by the end of the year, according toTesla was also boosted by a strong fourth-quarter earnings report. Tesla's revenue also grew 37% year-on-year to $24.3 billion, which narrowly beat analysts' $24.1 billion target and could show shareholders thatThe company has also benefited from China lifting its harsh zero-COVID lockdown policies, which has allowed it to ramp up production in its factories there.
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