Tesla stock

Tesla’s stock surged over 6% following Elon Musk’s announcement of a significant AI chip milestone for mass production. This development, coupled with analyst upgrades and positive sentiment surrounding a new SUV and software updates, boosted investor confidence. Tesla is investing heavily in AI and advanced computing, including building new chip fabrication facilities. The company is also focused on advancing its humanoid robot and autonomous driving capabilities, integrating AI chatbot Grok into its vehicles.

Elon Musk and Donald Trump’s relationship has fractured, moving from support to open animosity. This public split, seemingly triggered by policy disagreements like the “Big and Beautiful” bill which Musk opposes, has led Musk to call for Trump’s impeachment. The fallout has negatively impacted Tesla, with its stock experiencing a significant decline. The shift marks a dramatic departure from their previous alignment, creating uncertainty for the business and political landscape.