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Analysts: Musk's clash with Trump may exacerbate Tesla's stock price volatility
Gate News bot message, Morningstar analyst Seth Goldenstein wrote in a report that the conflict between Musk and Trump may intensify the fluctuation of TSL's stock price.
He added that if this contradiction intensifies, TSL may face company-specific impacts, which could include unfavorable autonomous vehicle regulations.
Nevertheless, the U.S. government is unlikely to take retaliatory action. He stated that among Musk's companies, SpaceX is the most likely to be affected by the cancellation of government contracts. Currently, Morningstar maintains a fair value estimate of $250 for Tesla (TSLA.O). The stock closed at $295.14 last Friday.
Source: Jinshi