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Benzinga
Benzinga
Business
Henry Khederian

What's Going On With Tesla Shares Today?

Nasdaq Tesla Inc. US Federal Reserve

Tesla Inc (NASDAQ:TSLA) shares are trading higher amid overall market strength after the Federal Reserve announced it would raise the key interest rate by 50 basis points.

The Federal Reserve raised its target fed funds rate by 0.5% on Wednesday to a new range of between 0.75% and 1.0%, its first rate hike of at least half a percentage point in more than 20 years. The Fed also said it will begin reducing the size of its balance sheet starting on June 1… Read More

See Also: Why Lyft Shares Are Slamming The Brakes Today

Tesla is a vertically integrated sustainable energy company that also aims to transition the world to electric mobility by making electric vehicles.

According to data from Benzinga Pro, Tesla has a 52-week high of $1,243.49 and a 52-week low of $546.98.

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