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Tesla Stock Downgraded Amid Musk's Political Controversies

6/9/2025

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Summary

Story summary

Baird downgraded Tesla's stock rating from buy to neutral, lowering the price target from $370 to $320.
Analysts pointed to Elon Musk's conflict with Donald Trump and concerns over the robotaxi launch as reasons for the downgrade.
Cathie Wood of Ark Invest holds a $2,600 price target, highlighting Tesla's potential in robotics and AI.
Tesla's stock has seen a 14% drop recently, influenced by Musk's political activities.

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Story summary

Baird downgraded Tesla's stock rating from buy to neutral, lowering the price target from $370 to $320.
Analysts pointed to Elon Musk's conflict with Donald Trump and concerns over the robotaxi launch as reasons for the downgrade.
Cathie Wood of Ark Invest holds a $2,600 price target, highlighting Tesla's potential in robotics and AI.
Tesla's stock has seen a 14% drop recently, influenced by Musk's political activities.