However, CEO Elon Musk prefers to blame a different culprit: Interest rates. Time and again, the Tesla chief has gone to great lengths to spell out the challenges that interest rates have presented for potential Tesla buyers.

Elon Musk’s artificial-intelligence startup xAI discussed an agreement to receive revenue from Tesla ( NASDAQ: TSLA) in exchange for providing technology and resources to the maker of electric cars, The Wall Street Journal reported Saturday, citing people familiar with the matter.

Shares of electric-vehicle maker Tesla tend to be more volatile the day after a Federal Reserve interest-rate decision than on the day itself.

A jumbo rate cut fed hopes for the auto industry. The post Why the Tesla share price just rallied appeared first on The Motley Fool Australia.