Musk-Trump Feud Heightens Uncertainty for Tesla, Analyst Warns
Tesla's stock faces increased near-term volatility as CEO Elon Musk's public clash with former President Donald TRUMP injects political risk into the electric vehicle maker's outlook. TD Cowen's Itay Michaeli maintains a $330 price target but flags potential demand shifts along partisan lines, with 35% of U.S. sales already showing political correlations since Q1 2025.
Investors are advised to monitor Tesla's June 12 robotaxi launch in Austin as a key catalyst that could offset political headwinds. The analyst notes the feud's long-term impact remains unclear, but market sensitivity to executive rhetoric has demonstrably increased across tech equities.