Baird: Lowering Tesla's rating to neutral adds uncertainty to Musk's relationship with Trump

Odaily Planet Daily News: Investment bank Baird has upgraded Tesla's (TSLA. O) rating from overweight to neutral, with a target price of $320. The bank pointed out that despite Tesla's weak quarterly performance, it still rose 24% (the S&P 500 index is 13%), partly due to excitement about the upcoming launch of affordable cars and Robotaxi in June. We believe that Musk is too optimistic about the launch of Robotaxi, and many of the hype has already been digested. His relationship with Trump has also increased uncertainty. In the long run, Tesla remains a strong option, but we are currently adopting a wait-and-see attitude. (Golden Ten)