The latest tempest around Tesla's shares appears to have passed. Tesla’s (TSLA) stock is rising for a fourth straight day and was recently right around the price at which it closed June 4. That was the session before a spat between CEO Elon Musk and President Donald Trump led to a remarkable series of social-media posts and statements that

The Dow Jones wavered Tuesday amid more China trade talks. Tesla stock rallied on cooling tensions in the Trump-Musk feud.

Investors are assessing tariff-deal developments after President Trump held a phone call with Chinese leader Xi Jinping, according to Chinese media.

U.S. stock futures are pointing lower after indexes rose for a third consecutive session Tuesday; the U.S. and China agree on a framework for a trade truce; inflation is expected to have ticked higher in May when that data is released at 8:30 a.

Dow Jones futures dropped Wednesday ahead of the Consumer Price Index report. Tesla stock rallied on robotaxi news on the stock market today.

Another concern has investors selling Tesla stock today. Musk has started very publicly splitting with President Trump and other Republicans over the spending bill making its way through Congress. That could have ramifications as Musk lobbies regulators for a federal approach to autonomous driving rules.

US Stock market's winning run stalled after main indexes climbed back within 2 per cent of their all-time high. S&P 500 fell 16.57 points, or 0.3 per cent, to 6,022.24, Dow Jones Industrial Average fell 1.

Investors were digesting a softer-than-expected inflation reading and assessing a US-China plan to salvage their trade truce.

The robotaxi concept and the FSD that powers it are potentially a huge earnings driver for Tesla. One of Tesla's most vocal and visible supporters, Cathie Wood's Ark Invest, which expected a valuation of $2,600 per share for Tesla in 2029, relies on a model that prescribes 88% of the company's value from robotaxis, compared to just 9% from EVs.