Singapore markets closed
  • Straits Times Index

    3,100.30
    +38.95 (+1.27%)
     
  • S&P 500

    4,443.67
    -11.81 (-0.27%)
     
  • Dow

    35,028.74
    +230.74 (+0.66%)
     
  • Nasdaq

    14,880.44
    -167.26 (-1.11%)
     
  • BTC-USD

    43,516.71
    +317.05 (+0.73%)
     
  • CMC Crypto 200

    1,082.79
    -18.73 (-1.70%)
     
  • FTSE 100

    7,054.96
    +3.48 (+0.05%)
     
  • Gold

    1,753.20
    +1.50 (+0.09%)
     
  • Crude Oil

    75.61
    +1.63 (+2.20%)
     
  • 10-Yr Bond

    1.4940
    +0.0340 (+2.33%)
     
  • Nikkei

    30,240.06
    -8.75 (-0.03%)
     
  • Hang Seng

    24,208.78
    +16.62 (+0.07%)
     
  • FTSE Bursa Malaysia

    1,533.05
    +0.99 (+0.06%)
     
  • Jakarta Composite Index

    6,122.50
    -22.32 (-0.36%)
     
  • PSE Index

    6,956.26
    +4.73 (+0.07%)
     

Why Tesla Stock Rose Today on Bad News

·2-min read
Why Tesla Stock Rose Today on Bad News

Tesla (NASDAQ: TSLA), the electric-vehicle (EV) kingpin, is understandably best known for its EVs. As multiple news outlets have now reported, Tesla's giant Australian battery venture -- the "Victorian Big Battery" that provides backup electricity to Victoria state in Australia -- caught fire early Friday, local time. Or rather, one of the Tesla "megapack" batteries making up the power warehouse did.

Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting