Wall Street ends higher
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Tesla, Trump and Musk
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Year to date, Apple ( AAPL 1.79%) and Tesla ( TSLA 3.85%) have been the two worst-performing "Magnificent Seven" stocks, notching losses of 19% and 15%, respectively. But Wall Street expects Apple shares to rebound in the coming months while Tesla shares fall even further, as detailed below:
For months, Tesla shareholders were tormented by Elon Musk’s role in the administration of President Donald Trump. But any relief brought by his formal government exit last week quickly turned to fear as the electric-vehicle maker’s chief executive traded barbs with his former boss.
Investors fear that the dispute between Elon Musk and President Donald Trump "will stop their friendship and change the regulatory environment for Tesla on the autonomous front over the coming years under the Trump administration,
Tesla ( TSLA 4.50%) stock had a rough week last week, dropping nearly 15%. Shares fell again today with its robotaxi launch in Austin, Texas, coming soon. While the company hasn't confirmed the specific June date for the launch, reports say it could be Thursday, June 12.
The relationship between Elon Musk and President Donald Trump appears to have entered a new phase of pronounced tension and public disagreement.
1don 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.