Baird Analysts Downgrade Tesla Stock

Tesla stock took another hit as Baird analysts downgraded the company, citing ongoing fallout from CEO Elon Musk’s political involvement — specifically his public feud with President Donald Trump, Forbes Daily reported.

Tesla now expects just 6,000 driverless taxis to be on roads by late 2026 — a steep drop from Musk’s previous projection of “hundreds of thousands.” I Photo: Steve Jurvetson

Analysts also voiced doubt over Tesla’s robotaxi ambitions, noting the company now expects just 6,000 driverless taxis to be on roads by late 2026 — a steep drop from Musk’s previous projection of “hundreds of thousands.”

Despite uncertainty caused by Trump’s tariffs, small business optimism showed signs of recovery.

The National Federation of Independent Business reported its Small Business Optimism Index rose to 98.8 in May, marking the first month-over-month increase since December.