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Investor's Business Daily on MSNStock Market Today: Dow Jones Wavers As Tesla Jumps On Cooling Trump-Musk Feud (Live Coverage)The Dow Jones wavered Tuesday amid more China trade talks. Tesla stock rallied on cooling tensions in the Trump-Musk feud.
The robotaxi concept and the FSD that powers it are potentially a huge earnings driver for Tesla. One of Tesla's most vocal and visible supporters, Cathie Wood's Ark Invest, which expected a valuation of $2,600 per share for Tesla in 2029, relies on a model that prescribes 88% of the company's value from robotaxis, compared to just 9% from EVs.
Tesla stock rose 3.40% after being listed as official operator of autonomous vehicles in Austin, with plans to launch robotaxi service on June 12.
Tesla’s stock was on the verge of a technical breakthrough. Then Musk and President Donald Trump had a very public fallout.
Tesla's recent stock decline is driven by sentiment and negative headlines, not core business fundamentals. Find out why TSLA stock is a Buy.
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If you're looking at the electric vehicle (EV) space, you have probably examined Tesla very closely. If you have $1,000 to invest, you might want to consider a company that seems to be successfully following Tesla's playbook.
Shortly after the market opened, Tesla stock rose 5.4% to $300.09. The rise is a relief. Tesla stock was roughly $355 before the feud started escalating. Shares closed at $284.7, dropping 14% on Thursday,
Tesla shares rebounded Friday, a day after the electric vehicle maker tumbled 14% as the relationship between CEO Elon Musk and President Donald Trump looked to be fraying.
Tesla stock outperformed its "Magnificent Seven" peers and the broader Nasdaq Composite index during the month of May.
Tesla ( TSLA) stock slipped to start a big week for the automaker, with its highly anticipated robotaxi test set to begin on June 12 in Austin, Texas. Weakness in the stock comes after the fallout between CEO Elon Musk and President Trump, which does not show any signs of improving, at least for now.