Tesla (TSLA) recovered from a 4% drop on Monday, following two analyst downgrades following CEO Elon Musk’s public feud with President Trump.

Baird has downgraded the stock from Outperform to Neutral, citing excessive optimism surrounding the company’s Robotaxi rollout, fading EV tax credits, and the public clash between Musk and Trump which sent the stock reeling last week.

Argus Research also lowered its recommendation to Hold, pointing out the political fallout from Musk’s war of words with Trump.

The company is reportedly planning to launch its latest robotaxi on Thursday, June 12