Elon Musk apologises to Trump
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Tesla (NASDAQ: TSLA) has been trading like a penny stock so far this year. The most recent drama was due to a public feud between CEO Elon Musk and President Donald Trump. It wiped out about $150 billion of market value last week, but Musk’s apology post on X early Wednesday boosted a relief rally.
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 said in a social media post this week that Tesla’s long-awaited robotaxi service will roll onto the streets of Austin, Texas on June 22. The Tesla CEO is betting the company’s future on autonomous vehicles (AV) and a robotaxi service – which will hopefully inject much-needed cash just as the company’s sales and profits are slumping.
Tesla shares have shown a sharp decrease since Elon Musk's feud with President Donald Trump which could have negative impacts on the billionaire.
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.
Tesla CEO Elon Musk's recent feud with his short-lived political ally President Trump has spotlighted the risk of the electric vehicle stock's 'Musk premium.'
Shares of Elon Musk’s electric vehicle maker fell sharply Thursday as investors fear his dispute with President Donald Trump could end up hurting the company.
Tesla faces an existential test this month as it aims to launch self-driving “robotaxis” in its home base of Austin, Texas, where public-safety officials are increasingly concerned about the state’s anti-regulation stance toward autonomous vehicles.
Tesla's stock just wrapped its best month since November 2024, as investors embrace Elon Musk's return to the EV maker after rocky DOGE stint.
Last week, a social media post from Elon Musk caused many people to stop what they were doing and look down at their phones. Even for the Tesla (TSLA) CEO, known for his controversial and bold opinions,