Baird downgraded shares of Tesla from "Buy" to "Neutral," saying the Musk-Trump spat has led to more uncertainty and the potential for brand damage.

Tesla earned a new analyst downgrade in the wake of last week’s stunning showdown between the formerly close allies in Tesla CEO Elon Musk and President Donald Trump, as the stock continues to face pressure from Musk’s activities outside of his executive duties.

Tesla stock fell almost 15% this past week. That left Tesla shares up 24% since late April when management said Tesla’s robotaxi launch was on track for June.