Tesla Stock Downgraded
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The stock market seems to be betting on more trade breakthroughs and favorable inflation data. But the bond market and CEOs might not be so sure about that.
The robotaxi concept and the FSD that powers it are potentially a huge earnings driver for Tesla. One of Tesla's most vocal and visible supporters, Cathie Wood's Ark Invest, which expected a valuation of $2,600 per share for Tesla in 2029, relies on a model that prescribes 88% of the company's value from robotaxis, compared to just 9% from EVs.
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.
Tesla Inc dropped 14% in a single day yesterday, representing one of its most significant one-day falls in the past few years.
Tesla's recent stock decline is driven by sentiment and negative headlines, not core business fundamentals. Find out why TSLA stock is a Buy.
6don MSN
Another concern has investors selling Tesla stock today. Musk has started very publicly splitting with President Trump and other Republicans over the spending bill making its way through Congress. That could have ramifications as Musk lobbies regulators for a federal approach to autonomous driving rules.
Tesla’s stock was on the verge of a technical breakthrough. Then Musk and President Donald Trump had a very public fallout.
Shares of the electric-vehicle maker continued their rebound from the rout last week that was sparked by Elon Musk's fallout with President Trump. The stock rose more than 5% . ↗️ [Taiwan Semiconducto
Tesla ( TSLA) stock slipped to start a big week for the automaker, with its highly anticipated robotaxi test set to begin on June 12 in Austin, Texas. Weakness in the stock comes after the fallout between CEO Elon Musk and President Trump, which does not show any signs of improving, at least for now.
Tesla has faced severe demand destruction due to a reputational crisis, yet the stock remains resilient due to the powerful narrative and retail