There's one big flaw in Elon Musk's argument that Tesla stock is falling because the Fed is raising interest rates

Dec 21 2022 by Business Insider

 

Erika Ramirez/Insider

Elon Musk has argued that Tesla stock has been crushed this year because the Fed is raising interest rates. But Musk's argument has one big flaw, according to Tesla investor and Future Fund manager Gary Black."Since you closed on TWTR, TSLA -38% vs NDX -1%. If it was all int rates, NDX would be down a similar amount," Black tweeted.

With Tesla stock down 61% year-to-date, pressure is building on Elon Musk to turn his attention back to the electric vehicle company and...

Continue Reading There's one big flaw in Elon Musk's argument that Tesla stock is falling because the Fed is raising interest rates