Elon Musk, the chief executive of Tesla and SpaceX and the brainchild behind the Department of Government Efficiency, went onto Sen. Ted Cruz’s podcast to discuss what he’s learned in Washington.
RBC Capital Markets cut Tesla’s expected price mark to $320 from $440 on lower projections for robotaxi and self-driving software.
Trump campaigned on bringing prices down. If tariffs spike inflation and slow U.S. growth, his popularity could suffer.
Oil futures rose Tuesday, on track for a third straight gain, as investors monitored rising Middle East tensions following U.S. attacks on Iran-backed Houthi rebels in Yemen over the weekend that drew threats of retaliation.
Deutsche Bank is now alone with the second-highest S&P 500 price target on Wall Street.