President Donald Trump has revealed he was “amazed” Elon Musk endorsed him to become president, given his longstanding plans to scrap electric vehicle subsidies. One week after their nuclear breakup,

Musk's reaction surprised market participants, especially considering he had reportedly invested nearly $300 million

Tesla ( TSLA 5.66%) stock has tumbled 22% year to date amid a myriad of business and political headwinds, and Wall Street anticipates further declines. The average target price among 55 analysts is $289 per share, which implies 8% downside from the current share price of $316.