US Stock Market Move | Tesla, Inc. (TSLA.US) rises over 3%, hitting a new high in over eight months.

On Monday, Tesla, Inc. (TSLA.US) rose more than 3%, reaching a new high in over eight months at $440.90. In terms of news, recently, Elon Musk emphasized in a letter to shareholders that Tesla, Inc. is at a key turning point. Musk stated that Tesla, Inc. is on the eve of a massive transformational growth, and his leadership is crucial in achieving this goal. Additionally, the Federal Reserve also cut short-term interest rates by 0.25 percentage points last week as expected by the market. Changes in interest rates have a high impact on car purchases, as many buyers rely on loans to buy cars.