Tesla’s stock continues to pullback, as the souring of public opinion toward CEO Elon Musk fuels worries of lower sales.

Investing.com -- Tesla (NASDAQ: TSLA) remains “an expensive stock,” Needham analysts said, reiterating a Hold rating on the electric vehicle (EV) giant. Analysts believe that Tesla’s future growth drivers, such as Full Self-Driving (FSD), Robotaxi, and Robotics, are already factored into the stock price, making it overvalued by their estimates.

Stifel analysts lowered their price target for Tesla stock in response to “the negative downturn in consumers' perception of Elon Musk,” whose role with DOGE has riled some.

CEO Elon Musk wants to close down tax loopholes as part of his wide-ranging remit at the Department of Government Efficiency, but

Tesla stock couldn’t avoid a fourth day of losses on the Monday after the Super Bowl. Consumer favorability ratings, steel tariffs, and even OpenAI might have unnerved investors. Shares of the electric-vehicle maker dropped 3% closing at $350.