Tesla, Trump and Elon Musk
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Tesla was downgraded by two firms, reflecting growing unease following a public fallout between CEO Musk and President Donald Trump.
Tesla shares had rallied in the wake of Trump’s reelection, which Musk vigorously supported, but are down almost 40% off their peak in December.
Baird downgraded shares of Tesla from "Buy" to "Neutral," saying the Musk-Trump spat has led to more uncertainty and the potential for brand damage.
Tesla Inc. received a pair of downgrades ... demand for new Teslas,” wrote analysts at Argus Research, who downgraded the stock to hold from buy. The feud, they added, is emblematic of how ...