Investing in the stock market through the S&P 500 index is a prudent choice for minimizing risk while gaining exposure to top U.S. companies. By mirroring this index over the long term, investors can potentially grow a $30,000 investment to over $1 million by retirement, despite occasional market downturns.
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Why Shares of Tesla Are Soaring Today
Shares of Tesla (NASDAQ: TSLA) rose nearly 4% after CEO Elon Musk updated the status of the company's robotaxi fleet, amid indications that electric vehicle sales may be improving. Notably, wait times for the Model Y have increased from one to three weeks to four to six weeks, suggesting a rise in orders despite recent declines in sales over the first two quarters of the year. Want More Context? 🔎
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