Tesla: Musk expresses remorse – stock nears fourth successive profit report day
Informal & Lively Rewrite of Tesla Stock Stabilizes; Musk Shows Conciliatory Gesture to Trump
Hey there! Here's the lowdown on Tesla stock's recent rollercoaster ride. After Elon Musk made amends with President Trump, the stock's seen an uptick again, with a 1.2% rise to $330.15 as of yesterday.
Tesla's Robotaxi DreamLooks like Tesla's self-driving robotaxis, all set for a June 22 rollout, could be a game-changer. Musk announced the news on the X platform, but beware, that date might still shift, as Tesla's all about safety first (as reported in "Tesla: Musk Gets Serious - Or Not?").
BackpedalingRemember when Musk and Trump butted heads online last week? Well, Musk issued an apology for some of his tweets, admitting they'd gone too far. He wrote, "'I regret some of my tweets about President @realDonaldTrump last week. They went too far.' Solid move, Musk, adding a bit of peace to the Tesla-White House relation turmoil."
The Stock GraphA steep dip caused by the Musk-Trump squabble's been mostly recovered, with the stock now surpassing its 20% low mark. However, a technical hurdle popped up at the $336 mark—not a problem if Tesla can clear it to reach the $367.71 high recorded in May!
Looking at TomorrowTime will tell if the relationship between Musk and Trump continues on the mend, but in the long run, it's all about Tesla's own performance. This short-term stock growth's great, but let's see how Tesla fares in the challenging self-driving car market.
Investor DisclosureHeads up! The publisher Boersenmedien AG's majority shareholder, Bernd Foerstch, has investments that could benefit from Tesla's stock performance, so keep that in mind while you rock the market!
- More Info: Tesla: Musk Gets Serious - Or Not?
- Another Update: Tesla Continues to Rise - Major Hurdle Overcome
Enrichment Data Incorporated:- Safety Concerns: Due to safety concerns, the launch of Tesla's robotaxi service has been delayed from June 12 to June 22.- Temporarily Equipped Vehicles: Instead of purpose-built vehicles like the Cybercab, Tesla will initially use existing models with updated software for its robotaxi service.- Federal Investigation: Tesla's current Full Self-Driving (Supervised) system is under federal investigation due to its need for frequent human intervention.- Challenges for Autonomous Vehicles: Delays in the launch of robotaxi service highlight Tesla's ongoing struggle to develop completely dependable autonomous driving technology, which could affect public trust and regulatory approval.- Competitive Impact: Competitors in the autonomous vehicle sector could capitalize on any delays in Tesla's autonomous technology deployment, potentially putting pressure on Tesla's stock performance.
In the world of finance and business, Tesla's self-driving robotaxi service, originally scheduled for June 12th but delayed until June 22nd due to safety concerns, could slice through the competitive technology landscape. Meanwhile, Tesla's stock, which temporarily dipped due to the Musk-Trump squabble, surpassed its 20% low mark, but faces a technical hurdle at the $336 mark.
