** Shares of Tesla up 5.3% at $337.12 after Federal Reserve Chair Jerome Powell pointed to a possible interest rate cut at the central bank's next policy meeting in September .N

** Stocks of electric vehicle charging companies ChargePoint Holdings and EVgo up 4.4% and 5.6% respectively

** Mobility stocks Lyft LYFT.O and Uber UBER.N up 4.5% and 2.5% respectively

** Lower rates reduce financing costs for big-ticket purchases and capital-intensive projects, boosting EV affordability, lowering borrowing costs for automakers and charging networks, and lifting demand-sensitive mobility platforms through stronger discretionary spending

** At 10:02 a.m. ET, the Dow Jones Industrial Average .DJI rose 1.50%, the S&P 500 .SPX gained 1.24%

(Reporting by Akash Sriram in Bengaluru)

((Akash.Sriram@thomsonreuters.com; https://twitter.com/hoodieonveshti;))