New Delhi, Aug. 29 -- Tesla Inc. has beaten every earnings estimate for two consecutive quarters, expanded its Cybercab robotaxi fleet, and posted energy storage numbers that no longer look like a secondary business. None of it mattered on Friday. What mattered was Kevin Warsh.

and possibly that a rate increase is next. Economists now assign roughly 60% probability to a 25-basis-point hike at the September 16 Federal Open Market Committee meeting. For an automaker selling vehicles that most customers finance rather than own outright, that signal carries direct consequences. The average 60-month auto loan rate for a new vehicle currently sits at 7.4%. A quarter-point hike pushes monthly payments on a financed Model 3 up by approximately $...