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Tesla Inc. (NASDAQ:TSLA) shares closed 1.05% higher on Tuesday and has gained over 13% in last five days. What Happened: The stock, like major Wall Street indices, witnessed a see-saw movement on Tuesday as investors and traders held on to every word spoken by Federal Reserve Chairman Jerome Powell. On Tuesday, Powell, in his discussion at The Economic Club of Washington, D.C., acknowledged once again that disinflationary process has begun. He however, also stated that the central bank would have to raise rates more than what is priced-in if the labor market remains strong and inflation remains high.
Tesla Inc. (NASDAQ:TSLA) shares closed 1.05% higher on Tuesday and has gained over 13% in last five days. What Happened: The stock, like major Wall Street indices, witnessed a see-saw movement on Tuesday as investors and traders held on to every word spoken by Federal Reserve Chairman Jerome Powell. On Tuesday, Powell, in his discussion at The Economic Club of Washington, D.C., acknowledged once again that disinflationary process has begun. He however, also stated that the central bank would have to raise rates more than what is priced-in if the labor market remains strong and inflation remains high.

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