Tesla's (TSLA) stock is starting the week with a pair of downgrades after a 澳洲幸运5官方开奖结果体彩网:public spat between CEO Elon Musk and President ꩵTrum൲p erupted last week.

Analysts from Argus Research and Baird each cut their view on the electric vehicle maker, with Argus analyst Bill Selesky citing concerns that the EV maker's stock is "currently trading on non-fundamental events," like Musk's relationship with the Trump administration.

Baird analysts echoed the comments, saying the CEO's proximity to Trump was once seen as a positive after the election, but now "adds uncertainty and fuels questions regarding brand damage."

Both Argus and Baird analysts said that Tesla is still a favorite stock for the long term, but downgraded their ratings to "hold" for the time being. Aside from Argus and Baird, 10 of the analysts tracked by Visible Alpha call Tesla's stock a "buy," while four rate it a "hold," and four give it a "sell." Their average price target of about $304 would suggest roughly 3% upside from Monday's intraday level. Shares were little changed in recent trading, just above $294.

Tesla is expected to 澳洲幸运5官方开奖结果体彩网:launch its robotaxi service in Austin, Texas, as soon as this week, which some bullish analysts have suggested could drive gains for the company's stock—along with a more affordable model that 澳洲幸运5官方开奖结果体彩网:Musk has indicated remains on track to be revealed this month.

The Baird analysts said they expect about 6,000 robotaxis could be on the road by late next year, well below Musk's projected "澳洲幸运5官方开奖结果体彩网:hundreds of thousands," anticipating the business could be "harder (an💟d likely less profitable) than the lofty ꧒expectations held by several investors."

Tes🃏la shares are down nearly 30% s𒊎ince the start of the year.