Tesla, Wall Street and Trump
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The S&P 500 climbed on Tuesday, lifted by Tesla's gains as investors awaited results from U.S.-China trade talks aimed at defusing a tariff dispute that has roiled global markets this year. Wall Stree
Congressional stock trading reports show that two allies of President Trump loaded up on additional Tesla shares as the relationship between the president and Elon Musk began to show signs of strain but before their falling out.
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:
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,
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Wall Street Price Prediction: Tesla's Share Price Forecast for 2025After soaring in 2023 and 2024, shares of Tesla (NASDAQ:TSLA) was battered throughout Q1 2025. But since the start of Q2, the largest U.S. EV-maker has seen its shares bounce back nicely. After falling by 41.
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 S&P 500 ended higher on Tuesday, lifted by a rally in Tesla as investors bet on positive results from U.S.-China trade talks aimed at defusing a tariff dispute that has roiled global markets this year.
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.
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