Trump, Elon Musk
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In an early hours post on Wednesday, Tesla CEO said his criticism of President Donald Trump — which included an allegation that the president’s name was in unreleased files about convicted sex-trafficker Jeffrey Epstein — “went too far.
Tesla ( TSLA 5.66%) 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, which implies 8% downside from the current share price of $316.
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.
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.
President Trump has been feuding with Elon Musk over The One, Big, Beautiful Bill. Here's why Musk could have suddenly changed his tune on the Trump administration.
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.
Elon Musk's ongoing feud with President Trump hurt Tesla's stock on Thursday. But analysts say the fight likely won't have lasting impacts on Tesla.