Tesla Inc (NASDAQ:TSLA)'s robotics division is undergoing a leadership transition, with the head of engineering for its Optimus humanoid robot program Milan Kovac stepping down. Kovac, who had been with Tesla for more than nine years, cited personal reasons, specifically, a desire to spend more time with family overseas, for his departure.
Those who invest in shares of Tesla Inc. NASDAQ: TSLA know that they are signed up for one of the wildest roller coaster rides in the stock market today, not only because the stock has been historically volatile but also because the company's CEO, Elon Musk, is starting to get involved in other areas that could potentially turn his attention away from what needs to be done to secure Tesla's leadership and future.
Tesla's (NASDAQ: TSLA) stock has been downgraded by Baird analyst Ben Kallo just days before the company's anticipated robotaxi service launch in Austin on June 12.
Baird analysts cut Tesla to neutral from outperform, citing uncertainty tied to Musk's politics and overly optimistic expectations for robotaxis.
Tesla stock fell almost 15% this past week. That left Tesla shares up 24% since late April when management said Tesla's robotaxi launch was on track for June.
Cathie Wood was asked which company she would invest in if she were only allowed to pick one stock. Wood said she would pick Elon Musk's EV company, Tesla.
Elon Musk's relationship with President Donald Trump imploded in a series of social media posts. Tesla's stock took a 14% dip on Thursday before it recovered some of the losses.
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A trading analyst has reiterated a bullish stance on Tesla (NASDAQ: TSLA), maintaining a $600 price target despite the recent public spat between CEO Elon Musk and President Donald Trump.
Tesla (TSLA) is expected to launch its robotaxi service in Austin, Texas, as soon as this week, with the electric vehicle maker's stock in need of a lift after a week marked by political strife between CEO Elon Musk and President Trump.
Already suffering from steep declines in sales and profit, the carmaker could now face the president's wrath.
The electric pickup was supposed to create a halo effect for the brand, but the truck's reputation has been tarnished by politics and production snafus.