Elon Musk has his work cut out for him as DOGE kicks into gear. Many shareholders aren't worried about him losing focus on Tesla.

Tesla stock was up in premarket trading Wednesday as investors were forced to consider—again—what conflict between CEO Elon Musk and the Securities and Exchange Commission means for shares of his electric-vehicle maker.

There wasn't much company-specific news today, so the across-the-board rally likely had to do with today's important inflation report. Inflation is a critical factor in demand for autos, as a car is a large-ticket item that is often financed by customers.

Easing inflation boosts US stock markets. Tesla jumps 5%, Goldman Sachs rises 4.9%. S&P 500 hits one-week high as Fed rate cut speculation grows.

Technology stocks struggled across the board on Monday, including declines among all but one of the Magnificent 7 firms and a big hit to quantum computing stocks.

Tesla shares have been between $373 and $489 in the past 25 days. Tesla is at $394 per share. In October, Brian predicted that Tesla will reach $1000 by the end of 2025 and would reach $2500 by the end of 2027. In November, Brian predicted that Tesla will reach $450 by Feb 8, 2025. This is not and was not financial advice.

U.S. stock indexes drifted lower following a mixed set of earnings reports from Morgan Stanley, UnitedHealth Group and other big companies

Producer price data signals softer inflation, lifting Dow. Nasdaq, S&P 500 under pressure as Nvidia and Meta fall. CPI report looms for further insights.

The Dow, S&P 500, and Nasdaq rose Friday on the last trading day of Joe Biden's presidency as the stock market braces for change under Donald Trump.

Wondering what caused Tesla and these other EV shares to pop? The post Why electric vehicle stocks like Tesla just rallied appeared first on The Motley Fool Australia.

Shares were mostly lower in Asia on Friday after China reported that its economy grew at a 5% annual pace last year, hitting the government’s target but slowing from the year before. U.S. futures edged higher and oil prices also climbed.

Investors are appraising Trump policies' likely impact on stocks on the last trading day before the inauguration.