Tesla Stock Volatility Amid Trump-Musk Feud Draws Analyst Scrutiny
Wall Street analysts are assessing the fallout between Elon Musk and former President Donald TRUMP as Tesla shares swing violently. The public spat erased $153 billion in market capitalization on June 5, followed by a 3.7% rebound amid truce rumors. Year-to-date losses now stand at 26.9%.
Barclays' Dan Levy suggests Thursday's selloff may have front-run disappointment ahead of Tesla's robotaxi unveil. 'The market hasn't fully priced in the reputational damage,' noted one fund manager watching the tech-ceo political theater unfold. Such volatility underscores how personality-driven narratives now MOVE trillion-dollar market caps.