Baird：将特斯拉评级下调至中性，马斯克与特朗普的关系增加了不确定性

Core Viewpoint - Baird has downgraded Tesla's rating from "outperform" to "neutral," setting a target price of $320, citing increased uncertainty due to Musk's relationship with Trump and over-optimism regarding the Robotaxi launch [1] Group 1: Company Performance - Tesla's quarterly performance has been weak, yet the stock has risen by 24%, outperforming the S&P 500 index, which increased by 13% [1] - The excitement surrounding the upcoming launch of affordable cars and Robotaxi has contributed to the stock's rise [1] Group 2: Market Outlook - Baird believes that much of the hype around the Robotaxi has already been priced in, indicating a cautious outlook [1] - Despite the current downgrade, Tesla is still viewed as a strong long-term investment option, but the company is currently in a wait-and-see mode [1]