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.

Key Takeaways Tesla shares rose Wednesday morning as CEO Elon Musk said the EV maker's robotaxi program is set to launch June 22.Previous reports indicated the company was targeting a June 12 launch,

Elon Musk is walking back a series of critical posts about President Donald Trump, admitting some of his tweets “went too far” after sparking viral backlash.

Elon Musk reportedly called President Donald Trump days before tweeting his regret of their escalating feud. In this file photo, Musk, left, and Trump attend a campaign event at the Butler Farm Show, Oct. 5, 2024, in Butler, Pa. (AP Photo/Alex Brandon, File) AP

Piper Sandler analyst Alexander Potter sees more gains ahead for Tesla stock if the robotaxi launch goes smoothly.

As Elon Musk’s fortune plunged by $36 billion last week and Tesla Inc.’s stock suffered a brutal drubbing, his most ardent backers rushed in to buy the dip — with leverage.

If the billionaire oligarch is ever able to produce the Cybercab, the regulatory approvals will probably be much, much easier, provided Musk stays in the good graces of Trump. The Tesla CEO did essentially accuse Trump of being a pedophile recently. But what’s a little pedo accusations between friends?

The 'One Big, Beautiful Bill' proposes the accelerated expiration of the EV tax credit. Tesla could see a massive hit if the spending bill passes.