Tesla's stock surged on Thursday, influenced by the Federal Reserve's decision to cut short-term interest rates by 0.5 percentage points. This rate cut, which was more aggressive than anticipated, is expected to benefit high-growth companies like Tesla. Lower interest rates make car financing more affordable, potentially increasing demand for cars and boosting auto stocks. Despite this, General Motors and Ford saw their gains fade, closing slightly down, while Stellantis, Toyota, and Honda experienced better performance.
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