Tesla (TSLA) stock is up today and throughout June following CEO Elon Musk’s latest comments about his feud with Donald Trump. The Tesla co-founder and current US President have been at odds over the last few weeks after Musk’s departure from the Department of Government Efficiency (DOGE). The two have gone back and forth with berating comments that have cost Tesla millions in market cap. However, this week Musk has been apologetic and regretful.
Indeed, Elon Musk said overnight that he regretted some of the comments made about Trump. “I regret some of my posts about President Trump last week,” Musk posted on X early Wednesday morning. “They went too far.” The comments appeared welcome by investors, as shares in Tesla stock (TSLA) have risen 20% since last Friday. At press time, TSLA is up 10% in the last 30 days.
Tesla Stock Rebounds: Price Forecasts to be Revised?
Previously, banks and investment firms lowered their stock price forecasts for Tesla following its drop. According to a recent report, Goldman Sachs analysts at the bank dropped the target from $295 to its current $285 projection. Moreover, they have reiterated a neutral rating on the Magnificent 7 tech giant. The analysts noted that monthly data in key regions came in weaker, while quarter-to-date deliveries through May are down drastically year over year.
Now, those forecasts may be challenged with TSLA’s rebound. Furthermore, Tesla’s robotaxi rollout has been accelerated and is now set to begin on June 22, 2025, according to an announcement from CEO Elon Musk. The company has spearheaded initiatives to launch self-driving vehicles for public rides in Austin, Texas. Following Austin, Tesla has instituted plans to expand operations to other states. This includes California, and the company’s self-driving vehicles will face more stringent regulations. California has enacted strict requirements for autonomous vehicle safety through multiple strategic regulatory frameworks.
If the upcoming Robotaxi launch and Q2 2025 earnings improve, Tesla stock could be set for a bullish summer.