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Tesla gains; Musk regrets some posts on Trump, announces robotaxi dates

ReutersJun 11, 2025 11:53 AM

Shares of electric-vehicle maker Tesla TSLA.O up 1.8% at $331.82 premarket, extend gains from last three sessions

TSLA top boss Elon Musk says he regretted some posts he made about U.S. President Donald Trump last week

A public spat between the two, which started with Musk's criticism of Trump's tax bill, led to threats to cancel Tesla's govt contacts last Thursday

Stock plunged over 14% last Thursday, wiping out about $150 bln in market cap

Shares, however, have now recovered the June 5 losses

Separately, Musk said on Tuesday TSLA's public robotaxi rides are set for a tentative June 22 start

Brokerage Guggenheim raises PT on the stock to $175 from $170; says opportunity for robotaxis is a massive multi-trillion dollar market despite several risks

Average rating of 55 analysts is a "hold", median PT at $300 - data compiled by LSEG

Stock down about 20% YTD, till last close

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