Tesla rose more than 5% today. Same session the Fed chair pushed markets toward rate hikes. Higher rates are supposed to hurt long-duration stories most. Gold fell. Long bonds fell. Utilities fell. Apple, Amazon and Google fell. A rising discount rate crushes a promise. It barely scratches a promise with a launch date. $TSLA is down about 18% this year for being a promise. Today money moved ahead of its Cybercab launch. Watch the rollout, and the Fed in September.
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