Why Tesla Stock Is Bouncing Higher Today

Motley Fool
2025.06.06 19:18
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Tesla's stock rebounded by 5.6% after a significant sell-off, driven by positive employment data easing inflation concerns and indications of a de-escalation in tensions between CEO Elon Musk and President Trump. The U.S. economy added 139,000 jobs in May, surpassing estimates, which has led investors to speculate on potential interest rate cuts by the Federal Reserve. Despite previous declines due to Musk's criticisms, today's recovery reflects a more favorable trading environment for Tesla amid ongoing macroeconomic dynamics.