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.
Milan Kovac, Tesla's vice president in charge of Optimus humanoid robotics, announced on Friday that he's leaving the company. Kovac started at Tesla in 2016 and reported to CEO Elon Musk, who thanked him for his contributions in a post on X.
The escalating feud between Elon Musk and President Donald Trump is adding to Tesla's challenges, which were already mounting. The stock's plunge on Thursday wiped out $152 billion in market cap, the most for any day in the company's 15-year history on the public market.
Milan Kovac was a top AI executive and led development of a humanoid robot that is central to Elon Musk's vision for the electric vehicle maker.
The head of Tesla's Optimus program, Milan Kovac, is leaving the company, casting uncertainty over chief executive Elon Musk's humanoid robot project, Bloomberg News reported on Friday, citing a person familiar with the matter.
Here are some of the major companies whose stocks moved on the week's news.
The head of Tesla's Optimus humanoid robot program, Milan Kovac, is leaving the company according to Bloomberg News.