STOCK EXCHANGE: Wall Street rises after mid-day slump – Tesla slips

On Thursday, Wall Street’s key stock market indices opened higher after the falling sessions in the intervening days.

After five, Finnish time, the S&P 500 and Dow Jones indexes were up 0.8 percent, the technology-focused Nasdaq 100 index was up 1.0 percent.

In addition to techno shares, the S&P 500 index saw a large increase in energy companies, among others, reflecting the trend seen on the European stock market on Thursday. The increase affected both oil and gas companies and companies focusing on renewable energy.

The biggest gainers in the entire index were the solar power company First Solar (+4.7%) and focused on clean energy solutions such as energy storage and charging stations for electric cars Enphase Energy (+4,6 %).

Among those who counted was an electric car manufacturer Teslawhose exchange rate was down 4.3 percent at the time of the review.

Tesla’s electric car sales fell last year for the first time in more than a decade. Although Tesla sold a record number of cars in the fourth quarter, its full-year sales fell short of the previous year.

Tesla sold 1.79 million cars last year, while the previous year it sold around 1.81 million cars.

CEO of Tesla Elon Musk promised in connection with the latest earnings announcement that Tesla’s sales volumes would increase by 20–30 percent during the coming year, among other things with the new, more affordable car model.

At the turn of the year, Tesla has been widely in the headlines also because the company’s Cybertruck model car exploded in front of the Trump International Hotel in Las Vegas on Wednesday. The explosion killed a person inside the car and injured seven people nearby.

Musk, who spent the new year as president-elect Donald Trump’s with Mar-a-Lago in Florida, underlined in X that it would not have been a problem related to the car itself, but the explosion would have been caused specifically by some kind of explosive.

Since then, the authorities have said that they are investigating the explosion as a possible terrorist attack. Authorities have also not ruled out a possible connection to the events in New Orleans. A driver who drove into a crowd on Bourbon Street in New Orleans killed 15 people on New Year’s Day.