Tesla, Elon Musk and President Trump
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Tesla stock took a big dip in June as CEO Elon Musk and President Donald Trump argued over pending legislation. Tesla's market share is sinking, but Rivian is not picking up the gains. The markets saw history made earlier this month after President Donald Trump and Tesla (NASDAQ: TSLA) CEO Elon Musk had a disagreement over public policy via social media in front of the whole world.
Explore Tesla's emerging risks, from political uncertainty to robotaxi challenges, amid global headwinds and high valuations.
Tesla stock traded higher early Wednesday as shares continue to recover from last week's sell-off with the feud between Elon Musk and President Trump cooling down.
Tesla Inc dropped 14% in a single day yesterday, representing one of its most significant one-day falls in the past few years.
Baird downgraded shares of Tesla from "Buy" to "Neutral," saying the Musk-Trump spat has led to more uncertainty and the potential for brand damage.
Due to Tesla's innovation and diversification, 24/7 Wall St. sees strong upside potential for the stock by the end of the decade.
S&P 500 traded near the benchmark's record highs as talks provide a glimmer of hope for a US-China trade deal.
The stock has been on a roller coaster ever since President Trump’s election. The shares fell nearly 15% this week.