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

The April panicked sell-off overreactions to President Trump's reciprocal tariff policies resolved in a few weeks, leading some bull runs for stocks as high as over +70% in only 2 months.

Tesla stock traded higher early Wednesday as shares continue to recover from last week's sell-off with the feud between Elon Musk and President Trump cooling down.

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

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

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.

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.