Tesla (TSLA) shares fell as this week's trading opened, perhaps denting the stock's chances to rise 𓆏for a third consecutive week.

Shares rose less than 1% last week following a 澳洲幸运5开奖号码历史查询:surge the week before. Tesla last month reported first-quarter results that 澳洲幸运5开奖号码历史查询:missed estimates, but CEO Elon Musk's stated intention 澳洲幸运5开奖号码历史查询:to spend more time at the electric vehicle maker starting this month encouraged some investors. Musk also confirmed plans to launch a more affordable model later this year, and🧸 start offering paid rides in fu💎lly autonomous Teslas in Austin, Texas, in June.

An automotive industry group in Spain released monthly data on Monday that showed EV sales rose year-over-year in the country, but sales of Tesla's Model 3 and Model Y each declined. 澳洲幸运5开奖号码历史查询:Analysts have warned that Musk's 澳洲幸运5开奖🐻号码历史查询:involvement in the Trump administration has damaged 澳洲幸运5开奖号码历史查询:Tesla's brand and alienated potential customers in thꦑe U.S. and in𓃲ternationally.

Tesla shares were down about 1.5% in reꦬcent trading Monday. They are off roughly 30% since the start of the year.

Jeffries Analysts Say Tesla Stock 'Difficult' To Value

Jefferies analysts in a Monday note kept their 澳洲幸运5开奖号码历史查询:"hold" rating and $300 price target, saying the company is "difficult" to value, but noted that Musk's "long-term strategic vision, from AI to X and robotics, does provide a glue for what looks like a [澳洲幸运5开奖号码历史查询:venture capital] fund of separable business units."

The analysts also said they believe the CEO's involvement in the Trump administration has "caused more damage to Musk's personal brand than to TSLA, which has grown much bigger than Musk himself."

Broader markets were mixed in recent trading, as major stock indexes have largely recovered the losses suffered in the days following the Trump administration's early April "Liberation Day" tariff announcements. (Follow Investopedia's live coverage of 澳洲幸运5开奖号码历史查询:today's markets news here.)