Tesla stock is barreling toward a ninth-straight weekly drop, falling another 5% on Tuesday.Shares have now plummeted 53% from record highs reached in mid-December.There are two new factors behind the Tesla sell-off,

What Happened? Shares of electric vehicle pioneer Tesla (NASDAQ:TSLA) jumped 4.2% in the pre-market session after Cantor Fitzgerald analysts upgraded the stock from Neutral to Buy. The analysts added,

It's been another bad week for the EV maker as Chinese rivals ramp up and Cybertrucks face more quality concerns.

Commerce Secretary Howard Lutnick advised Americans to buy Tesla stock on Tuesday and called the company’s CEO, Elon Musk, “probably the best person to bet on I’ve ever met.” “I think if you want to learn something on this show tonight,

Howard Lutnick, a member of Trump's cabinet, told Americans to invest in his fellow billionaire's vehicle company, despite its falling value.

Howard Lutnick told a national television audience to buy a specific stock tied to the sitting president’s top campaign donor: Elon Musk.

That wasn't the only competitor news impacting Tesla today. Zeekr, owned by Geely Auto, is reportedly offering an advanced driver-assistance system to Chinese customers for free. Tesla charges a monthly fee for its full self-driving technology in the U.S. if customers don't pay for it at the time of the vehicle purchase.

Sales of electric-vehicle maker Tesla maybe haven’t been hurt as much by Elon Musk’s political activities as investors fear, data show.

U.S. stocks are drifting higher Wednesday as Wall Street waits to hear what the Federal Reserve will say in the afternoon about where interest rates may be heading. The S&P 500 was up 0.3% in early trading.

Asian shares are mostly higher following an advance on Wall Street after the Federal Reserve said the economy still looks healthy enough to keep interest rates where they are

Wall Street inched a little higher Wednesday ahead of the Federal Reserve's latest decision on interest rates. Futures for the S&P 500 rose 0.3% before the bell, while futures for the Nasdaq rose 0.4%.