Key Takeaways
- Tesla shares slid Friday, but posted gains for the week and second straight month.
- CEO Elon Musk has said he is leaving his work with the Trump administration and will refocus on his companies.
- Analysts are looking to next month's planned launch of paid fully autonomous rides in Austin, Texas, as an upcoming catalyst for the stock.
Tesla (TSLA) shares slid about 3% Friday, but posted gains for the week and second straight month as CEO Elon Musk steps back from his🦩 role leading the cost-cutting Department of Government Efficiency.
The electric vehicle maker's stock has trended higher over the last month since 澳洲幸运5官方开奖结果体彩网:Musk said in Tesla's 澳洲幸运5官方开奖结果体彩网:latest earnings call that he would scale back his government work and refocus on his companies starting this month. Musk has done a 澳洲幸运5官方开奖结果体彩网:number of interviews in the weeks since, leading 澳洲幸运5官方开奖结果体彩网:one bullish analyst to sa🐽y the CEO looks like a "different Musk" compared to the one seen in the last few months.
澳洲幸运5官方开奖结果体彩网:On social media earlier this week, Musk thanked President Donald Trump as his period of being able to work as a "special government employee" for 130 days came to an end. In a press conference Friday, Trump said he expects Musk could be "澳洲幸运5官方开奖结果体彩网:back and forth" to continue his DOGE work.
Analysts have been 澳洲幸运5官方开奖结果体彩网:getting more bullish on Tesla in recent weeks 澳洲幸运5官方开奖结果体彩网:despite sinking sales numbers across Europe and China, as many focus more🌱 theꦑ EV maker's future prospects rather than its current performance.
A key point of focus is next month's planned launch of Tesla offering paid rides in a small number of its vehicles in Austin, Texas, operating fully autonomously. Musk has said the plan is to start with 10 or so vehicles, and quickly expand to a larger number and more cities if the program is going well.
Tesla's stock has lost about 14% since the start of the year.
This article has been updated since it was first published to include additional information and reflect more recent share price values.