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.

Baird downgraded shares of Tesla from "Buy" to "Neutral," saying the Musk-Trump spat has led to more uncertainty and the potential for brand damage.

Tesla has informed Harsh Jain that it is finalizing its product lineup in India and has returned his $1,000 reservation fee for a Model 3, paid in 2017.

Shares of Tesla ( TSLA 5.66%) soared nearly 5.7% today, as the feud between Tesla's CEO Elon Musk and President Donald Trump appeared to simmer in recent days. Tesla's robotaxi service is also about to get underway in Austin, Texas.

Tesla's valuation may be overestimated, with concerns over Cybertruck demand, management, and growth assumptions. Learn more on TSLA stock here.

The Dow Jones wavered Tuesday amid more China trade talks. Tesla stock rallied on cooling tensions in the Trump-Musk feud.