U.S. shares soared Wednesday afternoon as traders cheered responses from Federal Reserve Chair Jerome Powell that signaled a 50-foundation-position rate hike in December. The S&P 500 (^GSPC) rose 3.1{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502}, whilst the Dow Jones Industrial Average (^DJI) was up 2{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502}, or above 730 factors. The technologies-hefty Nasdaq Composite (^IXIC) acquired 4.4{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502}. […]

Tesla is still the big dog of the U.S. EV market, with a commanding 65 percent market share and the No. 1 spot among luxury brands, regardless of powertrain. But because of Tesla’s price increases over the past two years, it’s positioned itself mostly outside the mainstream, except for the […]