Tesla's stock has seen significant volatility following a heated feud between Elon Musk and Donald Trump, with Trump threatening to cut government contracts with Musk's companies. As a result, many investors are nervously exiting their positions, especially in the face of potential regulatory challenges looming over Tesla's electric vehicle tax credits. However, analyst Dan Ives remains optimistic about Tesla's long-term prospects, describing the firm as entering a 'golden age' of autonomy, even as concerns mount about Musk and Trump's fraught relationship potentially affecting Tesla's future.
Despite the turmoil, Wedbush's Dan Ives believes Tesla is entering a 'golden age' of autonomy, focusing on long-term potential amidst short-term panic.
The relationship between Musk and Trump is deteriorating, raising concerns for Tesla shareholders about future government contracts and EV incentives as risks increase.
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