<div id="readability-page-1"><p>Shares of <strong>Tesla</strong> <span>(TSLA<span> 2.00%</span>)</span> are up this week, climbing 10.3% as of market close on Friday. The rise came as the <strong>S&amp;P 500</strong> <span>(^GSPC<span> -1.13%</span>)</span> and the <strong>Nasdaq Composite </strong><span>(^IXIC<span> -1.30%</span>)</span> both sank modestly.</p> <p>Tesla stock recovered this week after the public spat between CEO Elon Musk and President Trump cooled.</p>  <h2>Elon walks back his comments</h2> <p>Last week, Musk and Trump found themselves in a very public spat. What began as criticism of Trump's flagship &#34;Big, Beautiful Bill&#34; escalated into personal attacks and serious accusations. Musk deleted his most incendiary post and apologized on X, saying that some of his posts last week had gone &#34;too far.&#34; The de-escalation of the situation sent Tesla stock higher.</p> <h2>Robotaxi release delayed</h2> <p>The stock was also on the rise this week in anticipation of Tesla's reported robotaxi launch. According to a report from Bloomberg, Tesla was set to begin operating its vehicles autonomously in Austin, Texas, on June 12. However, it's now clear that the company has pushed back this date, now targeting June 22. Despite the delay, Tesla shares were up further on Friday. </p> <div><p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MjE3NDAvdGVzbGEtbXVzay5qcGcmdz03MDA?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="700" height="466" original-src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MjE3NDAvdGVzbGEtbXVzay5qcGcmdz03MDA"/></p><p>Image source: Getty Images.</p> </div> <h2>Par for the course</h2> <p>This is not the first time the company has failed to meet a target launch date or milestone for its autonomous driving technology. Musk previously said he was &#34;very confident predicting&#34; that there would be 1 million of his robotaxis on the roads no later than &#34;next year&#34; -- in 2019. I am dubious of the company's ability to deliver on its promises, and given the state of its current vehicle sales (which are seeing massive declines), I think this stock is extremely overvalued.</p>                                                                            </div>

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<p>Tesla's stock surged 10.3% this week despite a slight decline in the S&P 500 and Nasdaq. The increase followed a cooling of tensions between CEO Elon Musk and President Trump after a public dispute. Additionally, anticipation for Tesla's robotaxi launch, now delayed to June 22, contributed to the stock's rise. However, skepticism remains regarding the company's ability to meet its autonomous driving targets, especially given recent declines in vehicle sales.</p>

- Tesla shares increased by 10.3% this week, despite declines in the S&P 500 and Nasdaq Composite.  
- The rise followed a cooling of tensions between CEO Elon Musk and President Trump, after Musk apologized for his previous comments.  
- Additionally, the stock was buoyed by anticipation of Tesla's delayed robotaxi launch, now rescheduled for June 22.

Why Tesla Stock Soared This Week