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Tesla's three-day rally erases most of selloff from Musk-Trump feud

1. Tesla stock rebounded 5.7% after a sharp drop due to Musk-Trump feud. 2. Musk showcased driverless Model Y testing in Austin, signaling tech progress. 3. Analysts note Tesla's robotaxi pilot crucial for growth despite initial limitations. 4. Concerns over safety and operational costs of driverless vehicles persist. 5. Musk's relationship with Trump could impact government contracts for Tesla.

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FAQ

Why Bullish?

The stock's rebound indicates investor confidence, aided by positive advancements in driverless technology. Historical drops from political controversies often recover, particularly with technological innovations.

How important is it?

The article discusses Tesla's testing of autonomous driving technology, a major growth area, increasing the relevance and importance of news to TSLA’s future stock performance.

Why Short Term?

The next robotaxi pilot in June could yield immediate stock reactions, though longer-term effects depend on broader market and technology acceptance. Similar past advancements led to short-term spikes in TSLA's stock price.

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