Tesla’s stock was recently right around the price at which it closed the session before a spat between CEO Elon Musk and President Donald Trump culminated in a one-day drop of about $150 billion in Tesla’s market value.

Tesla ( TSLA 5.66%) stock has tumbled 22% year to date amid a myriad of business and political headwinds, and Wall Street anticipates further declines. The average target price among 55 analysts is $289 per share, which implies 8% downside from the current share price of $316.

Concurrently, higher-margin software products such as FSD are becoming increasingly crucial to Tesla’s growth narrative as its core EV business faces

Chief Executive Elon Musk said his recent attacks on President Trump [went "too far."](

Tesla stock traded higher early Wednesday as shares continue to recover from last week's sell-off with the feud between Elon Musk and President Trump cooling down.

Tesla stock extended its rally for a fourth straight session Wednesday as tensions between Musk and President Trump appeared to ease.

"It is a convergence among three of our major platforms. So robots, energy storage, AI," Wood said of Tesla.

The leading electric vehicle company is struggling, as its CEO just started feuding with the president of the United States.

Tesla Inc dropped 14% in a single day yesterday, representing one of its most significant one-day falls in the past few years.

Tesla stock is highly volatile and some investors are worried about competition. Meta Platforms is the leader in social media and digital advertising, and both industries are in growth mode. Nvidia continues to report stellar growth and rising profits.