Tesla, Elon Musk and Trump
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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.
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.
Ark Invest's Cathie Wood said she would invest in Elon Musk's Tesla if she were only allowed to pick one stock. Wood was speaking to investor Steven Bartlett on his podcast "The Diary Of A CEO" when Bartlett asked for her top stock pick.
Tesla's recent stock decline is driven by sentiment and negative headlines, not core business fundamentals. Find out why TSLA stock is a Buy.
Tesla Inc dropped 14% in a single day yesterday, representing one of its most significant one-day falls in the past few years.
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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.
Congressional stock trading reports show that two allies of President Trump loaded up on additional Tesla shares as the relationship between the president and Elon Musk began to show signs of strain but before their falling out.