What's Going On With Tesla Stock Today

Tesla Inc TSLA shares are trading higher by 2.71% to $195.89 Friday afternoon. Tesla shares are trading higher again Friday amid overall market strength following softer-than-expected October inflation data. This has pressured yields and helped lift growth stocks while also raising hopes of softer Fed policy.

Data released this week showed a slowdown in inflation and a rise in jobless claims. This has alleviated some concerns of high inflation and a tight labor market.

What Happened With CPI Data?

The headline CPI rose 7.7% in October, down from 8.2% in September, according to data from the U.S. Bureau of Labor Statistics.

The October CPI reading came in below average economist estimates of 8%.

Thursday's highly anticipated CPI inflation reading comes a week after the Federal Reserve raised its benchmark rate by 0.75% for the fourth straight time in a continued fight against historically high inflation...Read More

According to data from Benzinga Pro, TSLA has a 52-week high of $402.67 and a 52-week low of $177.12.