TESL is trading at $12.97, up +3.69%, after a weak July employment report reduced expectations for near-term Federal Reserve tightening.
- The U.S. economy unexpectedly lost 23,000 jobs, versus expectations for roughly 80,000–83,000.
- Unemployment fell to 4.1%, while Treasury yields moved lower and supported rate-sensitive growth stocks.
- Consumer discretionary advanced, with XLY up 0.74% during the August 7 session.