Stocks soared Thursday after the Federal Reserve cut interest rates by 50 basis points the day before. One of the biggest winners was Tesla (NASDAQ: TSLA). Shares jumped 7.4% as investors saw the rate cuts as a clear tailwind for the U.S.'s largest electric vehicle (EV) maker. That gain was enough to add $50 billion to its market cap.

Tesla stock fell on Friday after an epic gain the day before.Shares of the electric vehicle maker closed down 2.3% at $238.25, while the S&P 500 dropped 0.2% and the Dow Jones Industrial Average added 0.

Shares of Tesla Inc. slipped 2.32% to $238.25 Friday, on what proved to be an all-around mixed trading session for the stock market, with the Dow Jones Industrial Average rising 0.09% to 42,063.36 and the NASDAQ Composite Index falling 0.