Tesla and Spacex Executive Elon Musk joined US President Donald Trump while signing an executive order at an oval office at the White House on February 11, 2025 in Washington, DC.
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Tesla The shares fell 6% on Tuesday after the Chinese rival Bed posted plans for the development of autonomous technology of vehicles with Deepsek and said that it would offer its system like autopilot in almost all its new cars, adding fear Elon Musk The company is lagging behind the competition.
It also grows concern about Musk’s distractions beyond Tesla, after news appeared that he is the richest person in the world offer Run a group of investors in the purchase of Openi, while he takes up work President Donald Trump White house.
Tesla’s price has slid for five straight days, fell close to 17% during this stretch at $ 328.50 and wiping over $ 200 billion in market border.
Byd, which appeared as Tesla’s fiercest rival on the world stage, said on Monday That at least 21 new models will be equipped with their partially automated driving systems that include features for automatic parking and highway navigation.
Tesla still does not offer robotaxes, and his EVs currently require the human driver to remain behind the wheel, ready to manage or brake at any time. To Tesla The name of the earnings Last month, Musk said that the company aims to launch a “unsuccessful full self -solution” and Rideshare without a driver in Austin, Texas in June. Alphabet’s Waymo is already governing a robotaxi service in Austin, as well as in parts of Phoenix, San Francisco.
“In our opinion, the competition between Waymo, Tesla and the multitude of Chinese players is a key initiator on the way to the commercialization” Robotaxis “, wrote analysts Morgan Stanley in the notebook after the announcement byd. The company recommends buying stock stocks and has a targeted price of 430 USD.
Waymo said on Tuesday that he had added 10 square miles of coverage to his robotaxi in Los Angeles.
In a Tuesday report, Oppenheimer analysts wrote that “Autonomy Competition may limit [Tesla] Profitability. “Even if Tesla satisfies its time tape in June 2025. For cars without drivers in Texas, the company is” one of several autonomous technology providers, suggesting the price competition and performance, “they wrote.
In addition to launching Tesla, Musk is the executive director of Spacex, has a company of social media x and the leader is a startup XAI for artificial intelligence. He also spends a significant time these days in Washington, DC, managing the “Government Efficiency Department” (Doge) as a special government employee, aimed at reducing federal consumption, staff, regulations and even the entire agencies.
Investors are already concerned about the man’s big obligations outside his company EV Company from Trilijuna dollars have more reasons for anxiety after the events that took place on Monday. Musk’s lawyer, Marc Toberoff, confirmed to CNBC that Musk is running a consortium of investors on offer of $ 97.4 billion for Openi.
Musk was among the founders of Openi in 2015, when AI initiator was created as a non -profit research laboratory. Musk sought to get Tesla to acquire Openi and later abandoned the Committee of the Organization.
Openai has since commercialized numerous products, mostly chatgpt. The co -founder and executive director Sam Altman seeks to restructure the opening as a non -profit subject. Musk sued Openii to prevent this transition, and Xai launched as a direct competitor.
Oppenheimer’s analysts wrote it ” [Tesla] has transferred the focus to the physical game of AI, we see Elona Male for Open Ai as a distraction from [Tesla’s] Challenges. “
Altman told employees On Tuesday, it was Tuesday that the Openi Committee did not receive an official offer from the male and reminded the staff that “Elon has a history of submission of applications that are not held”.
Oppenheimer’s analysts also highlighted additional risks associated with Musk with an extensive work with Trump’s administration.
While men’s behavior “has fans in certain circles,” his public life “risks alienating consumers and employees, while Trump’s administration tests the boundaries of his power,” they wrote. For example, they were referred to the recent information on the registration of vehicles that showed a sudden fall from year to year in California and in several European markets.
Tesla and Musk did not immediately respond to the commentary request.
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