Though Musk and Tesla have both denied the WSJ report, the broader EV market could become more competitive and diversified if Tesla loses its market dominance without Musk at the helm.
Tesla is drawing renewed investor interest despite recent setbacks, as Thomas "Tom" Lee, Co-founder of Fundstrat Global Advisors and regular CNBC contributor, identifies potential recovery signals amid extremely negative sentiment.
The Future Fund Managing Partner, Gary Black, cautioned investors on Tuesday against Tesla Inc.'s robotaxi valuations that project share prices of $2,000 or higher, arguing that such forecasts ignore market realities and competition.
In a move that could potentially disrupt Tesla Inc. (NASDAQ: TSLA)'s sales model, Democratic lawmakers in New York are pushing to end the automaker's direct sales exemption. This comes as a response to CEO Elon Musk's support for the Trump administration.
BofA analysts discussed the impact of tariffs on automakers, with Ford and GM at high risk of negative ratings. Ford is pushing forward with low-cost EVs and connected vehicle subscriptions, while GM is focusing on Cadillac's EV transformation and Formula One participation. Tariffs may cost OEMs $6k-$8k per car, with potential cost passes to consumers.
