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Elon Musk says he regrets Trump posts — putting to rest the view his attacks were part of a grand strategy - MarketWatch

1. Musk apologized for criticism of Trump after mutual attacks. 2. Tesla shares initially slumped but quickly recovered, rising 2% more recently. 3. Morgan Stanley analysts suggest Musk's strategy may involve political maneuvering. 4. Tesla's robotaxi rollout is scheduled for June 22, which could affect market sentiment. 5. Trump threatened to cut government contracts tied to Musk's political donations.

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FAQ

Why Bullish?

The recovery of TSLA shares after Musk's apology indicates resilience, suggesting positive investor sentiment. Historical volatility has shown that TSLA often rebounds from controversy, particularly when linked to innovation such as the upcoming robotaxi service.

How important is it?

Musk's apology and strategic moves can reshape public perception and investor confidence around TSLA. Additionally, the introduction of the robotaxi is critical for Tesla, influencing stock market reactions significantly.

Why Short Term?

The immediate recovery of TSLA shares and the planned robotaxi launch suggest short-term effects. Previously, Tesla's price fluctuations often correlate with product launches and executive public relations.

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