Elon Musk is back at the helm of Tesla (TSLA), shifting focus away from distractions like DOGE and recommitting to the EV giant’s core mission. But as Musk tries to steady the ship, investors are left wondering: is the renewed focus enough to repair the damage done? With growing competition, margin pressures, and recent controversies casting a shadow, rebuilding confidence in Tesla stock won’t be easy, even with Musk fully back in the driver’s seat.
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For context, Musk has officially stepped down from his role as head of the Department of Government Efficiency (DOGE) under President Trump, concluding a 130-day tenure marked by significant cost-cutting initiatives and political controversy.
What’s happening with TSLA Stock?
Tesla shares have rebounded sharply, rising nearly 27% over the past 30 days, as Musk renews his focus on the company. The market appears to be responding positively to Musk’s recommitment—but challenges remain.
Despite the recent stock surge, Tesla continues to face headwinds in key international markets. In April, new vehicle registrations across the EU, UK, and EFTA countries plunged 49% year-over-year, totaling just 7,261 units. This marked Tesla’s fourth straight monthly sales decline in the region, dragging its market share down to 0.7% from 1.3% a year ago.
The numbers paint a mixed picture. While investor sentiment is improving, Tesla’s global demand story still has cracks.
All Eyes on Tesla’s Robotaxi Launch
Looking ahead, Tesla is gearing up to launch its highly anticipated robotaxi service in Austin, Texas, on June 12. The initial rollout will feature Model Y vehicles equipped with Full Self-Driving (FSD) technology, expanding on recent trials with safety drivers. Overall, investors and analysts see this as a potential growth catalyst for the stock.
Musk has reaffirmed that autonomous mobility will be a core pillar of Tesla’s future. However, he noted that the launch will be gradual, with human operators remotely monitoring the initial rides to ensure safety and performance.
While Musk’s renewed commitment to Tesla has sparked a short-term stock rebound, long-term investor confidence will depend on the company’s ability to tackle ongoing challenges and execute its ambitious robotaxi launch.
Is Tesla a Good Stock to Buy Right Now?
On Wall Street, analysts have maintained a neutral stance on Tesla stock. According to TipRanks, TSLA stock has received a Hold consensus rating, with 16 Buys, 10 Holds, and 11 Sells assigned in the last three months. The average Tesla stock price target is $282.70, suggesting a potential downside of 21% from the current level.

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