Tesla, Elon Musk and Trump
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Shares of Tesla ( TSLA 5.66%) soared nearly 5.7% today, as the feud between Tesla's CEO Elon Musk and President Donald Trump appeared to simmer in recent days. Tesla's robotaxi service is also about to get underway in Austin, Texas.
Tesla stock rose 3.40% after being listed as official operator of autonomous vehicles in Austin, with plans to launch robotaxi service on June 12.
Ark Invest's Cathie Wood said she would invest in Elon Musk's Tesla if she were only allowed to pick one stock. Wood was speaking to investor Steven Bartlett on his podcast "The Diary Of A CEO" when Bartlett asked for her top stock pick.
Tesla stock is highly volatile and some investors are worried about competition. Meta Platforms is the leader in social media and digital advertising, and both industries are in growth mode. Nvidia continues to report stellar growth and rising profits.
Tesla Inc dropped 14% in a single day yesterday, representing one of its most significant one-day falls in the past few years.
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Tesla's recent stock decline is driven by sentiment and negative headlines, not core business fundamentals. Find out why TSLA stock is a Buy.
Tesla's robotaxi vision could open doors for crypto payments, reshaping how investors view mobility, says Cathie Woods.
Congressional stock trading reports show that two allies of President Trump loaded up on additional Tesla shares as the relationship between the president and Elon Musk began to show signs of strain but before their falling out.