We believe the public feud between Elon and Trump will die down over the next few days, as Elon de-escalates the rhetoric in front of next week’s scheduled June 12 robotaxi launch in Austin. We are unsure of the lasting impact to $Tesla(TSLA.US) from the extraordinary events of the past 24 hours, but believe TSLA is now oversold after a 20% haircut since we sold out of our position at $358 a week ago.
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