The leading electric vehicle company is struggling, as its CEO just started feuding with the president of the United States.

Concurrently, higher-margin software products such as FSD are becoming increasingly crucial to Tesla’s growth narrative as its core EV business faces

Tesla stock extended its rally for a fourth straight session Wednesday as tensions between Musk and President Trump appeared to ease.

CNBC's 'Squawk on the Street' crew discuss Tesla as the electric carmaker's stock was hit with several downgrades since the Trump-Musk fallout.

Tesla ( TSLA 5.66%) stock has tumbled 22% year to date amid a myriad of business and political headwinds, and Wall Street anticipates further declines. The average target price among 55 analysts is $289 per share, which implies 8% downside from the current share price of $316.

Tesla's stock got a bump into the green, after President Trump said, "I like Tesla," and said CEO Elon Musk "likes me," but the stock pulled a quick U-turn and were recently trading near the lows of the day.

Tesla Inc dropped 14% in a single day yesterday, representing one of its most significant one-day falls in the past few years.

"It is a convergence among three of our major platforms. So robots, energy storage, AI," Wood said of Tesla.

If you are an investor interested in owning electric vehicle (EV) stocks, does the recent fall by Tesla mean it's time to move to buy competitors such as Rivian Automotive ( RIVN -1.49%) instead for your portfolio? Let's take a closer look at this smaller EV upstart and see if an answer presents itself.

Due to Tesla's innovation and diversification, 24/7 Wall St. sees strong upside potential for the stock by the end of the decade.