Tesla, Elon Musk and Trump
Digest more
3hon MSN
Tesla shares have been on a roller-coaster ride lately, and one Wall Street bull has decided to step off, saying there are many reasons to be cautious right now. The electric-vehicle maker was cut to neutral from outperform by Baird Equity Research analysts Ben Kallo and Davis Sunderland on Monday.
The head of engineering for Optimus, Tesla’s humanoid robot division, left the company on Friday. Milan Kovac announced his departure on X, insisting that it “will not change a thing” about the company’s plans, which, as of March, meant building thousands of robots this year alone.
Ark Invest's Cathie Wood said she would invest in Elon Musk's Tesla if she were only allowed to pick one stock. Wood was speaking to investor Steven Bartlett on his podcast "The Diary Of A CEO" when Bartlett asked for her top stock pick.
A new Tesla model – possibly a stripped down Model Y or Model 3 or both – is slated to begin production this month, fueling speculation about what it is exactly.
The car, which President Trump acquired in March to show his support for Elon Musk, is one of the first tangible casualties of their shattered alliance.
Explore more
The escalating dispute between President Trump and Tesla CEO Elon Musk on Thursday sent the car maker to a market-value decline of around $152.4 billion, its biggest one-day slide on record, according to Dow Jones Market Data.
2don MSN
Elon Musk has alienated “multiple sides of the political spectrum” from Tesla, according to one prominent Wall Street analyst.
A day after his public spat with Elon Musk, the White House signaled that President Donald Trump may be looking to unload his luxury EV.
The electric pickup was supposed to create a halo effect for the brand, but the truck’s reputation has been tarnished by politics and production snafus.