Piper Sandler analyst Alexander Potter sees more gains ahead for Tesla stock if the robotaxi launch goes smoothly.

After years of anticipation and broken promises, Tesla Inc. said its robotaxi service is tentatively set to roll out later this month. Options traders aren’t ready to buy the hype yet.

Tesla (NASDAQ: TSLA) stock has tumbled 22% year to date amid a myriad of business and political headwinds, and Wall Street anticipates further declines. The average target price among 55 analysts is $289 per share,

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.

Musk's reaction surprised market participants, especially considering he had reportedly invested nearly $300 million

Elon Musk’s bitter falling-out with President Trump could be costly for Tesla. As long as he is persona non grata in the Trump administration, Mr. Musk, the chief executive of Tesla, will struggle to persuade Republicans not to gut climate policies worth billions of dollars to the electric car and battery company.

"We had a good relationship, and I just wish him well. Very well, actually," Trump said of Musk.