Lower prices and incentives pinched Tesla’s profit margin on vehicle sales last year. Wall Street, however, expects demand to pick up in 2025 as the FederalReserve cuts interest rates.
Shares of electric vehicle makers Tesla ( TSLA 5.97%), Rivian ( RIVN 3.94%), and Aehr Test Systems ( AEHR 15.39%) rallied on Wednesday, up 5.2%, 4.7%, and 15.8%, respectively, as of 11:30 a.m. ET.