Tesla, Apple, Coinbase, MicroStrategy, Iovance, NetEase, and More Market Movers

Stocks closed higher Wednesday as traders bet the Federal Reserve will begin cutting interest rates as soon as March.

These stocks made moves Wednesday: 

Tesla
shares rose 1.9%. A Bloomberg report said the electric-vehicle maker was preparing to launch a revamped version of its popular Model Y SUV from its Shanghai plant. Mass production may start as soon as mid-2024, people familiar with the matter told Bloomberg. The 2024 version of the Model Y will include significant exterior and interior changes.