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Tesla, Apple, Robinhood, AppLovin, Warner Bros., Intuitive Surgical, and More Movers - Barron's

1. Tesla shares fell 3% following a 15% weekly decline. 2. Downgrade to Neutral from Outperform by Baird; price target remains $320. 3. Elon Musk's comments on robotaxi ramp viewed as overly optimistic. 4. Robotaxi service launch in Austin, Texas is scheduled for June 12. 5. Tensions between Musk and Trump are affecting investor confidence.

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FAQ

Why Bearish?

TSLA's recent drop follows a significant decline and downgrade from analysts. Historical context shows similar conflicts led to declining stock performance.

How important is it?

Musk's public conflicts can sway investor sentiment and stock performance; responses to downgrades are critical.

Why Short Term?

Immediate market reactions are often influenced by analyst downgrades and CEO controversies. Historical trends indicate quick recoveries after such events, provided fundamentals improve.

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