Tesla (TSLA) Could Benefit From A Broader Trend

The fundamentals are still good with solid GDP figures and historically low unemployment, notes Aadil Zaman of Wall Street Alliance Group. He discusses the takeaways from the recent stock rally. He talks about expectations for equity volatility into 2024. He feels that the Fed is most likely done raising interest rates and inflation will continue to cool down. He then goes over Tesla (TSLA) which is up 90% on the year. Zaman highlights that he’s disappointed on TSLA’s earnings, but he does see high interest rates impacting car sales in the short-term. He mentions that longer-term, he sees TSLA benefitting from a broader trend. Tune in to find out more about the stock market today.