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Fed Tries to Revamp Primary Credit Facility, Tesla's Shares Plummet
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Overview
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The US Federal Reserve is making efforts to rebrand its primary credit facility as a source for everyday liquidity, but banks are hesitant due to the stigma associated with it. Tesla's shares have experienced a significant decline, resulting in a substantial loss of market value.
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How might the rebranding of the primary credit facility impact the banking industry?
What factors contributed to Tesla's significant decline in stock value?
What measures can the Federal Reserve take to address banks' concerns about using the facility?
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