Tim Higgins, Wall Street Journal and KKM's Jeff Kilburg, join 'The Exchange' to discuss Tesla's stock after a volatile month.

New York

Tesla shares have risen for four consecutive sessions, recovering 16% since a recent downturn attributed to a public disagreement between Elon Musk and President Trump. Musk has since expressed regret over his social media posts, and the upcoming robo-taxi event has been postponed for precautionary reasons.

Analysts, including Jeff Kilburg from KKM Financial, remain optimistic about Tesla's outlook, with Kilburg suggesting the stock could reach $400 per share. However, there are ongoing concerns about the potential impact of Musk's relationship with the administration on regulatory support, particularly regarding the rollout of robo-taxis, which currently faces a patchwork of state regulations.

Tesla's next leg up is $400 per share, says KKM's Jeff Kilburg

And shares of Tesla are higher for a fourth straight session. I'll be at 1% today, but it's up 16% since Friday as the shares recover from the impact of that public feud between Musk and President Trump. Musk now publicly expressing regret for some of his social media posts about the president. And this all comes as the robo-taxi event has been pushed back. It's now scheduled for June 22nd, according to Musk on X, out of an abundance of caution. For more on the stock and drama of it all, let's bring in The Wall Street Journal's Tim Higgins and KKM Financial and CNBC contributor, Jeff Kilburg. I'm going to start with you, Jeff, so you can boil it down from a share point of view, because I'm just curious if you see this as a buy or a sell moment for a stock that Interactive Broker says continues to be probably its single highest volume name. I think it continues to be a buy, Kelly. If you're short, you are really going to be in trouble here because you're seeing momentum. But this has been sensational. Let's go back just a couple weeks ago. President Trump was giving Elon Musk a key to the White House. And all of a sudden you saw the most public slap point of all time. It went nuclear on Twitter. And now the richest man is all of a sudden being, you know, a little conciliatory. And President Trump is maybe going to kiss and make up. So as we see this rebound, as we see the RoboTaxi event, yes, being delayed, we are optimistic. I think it goes back to where it fell from at 350, but the next leg up is back to 400. So shorts are on the run. All right, so Tim, I turn to you for the juicy, I don't know, I don't want to call it gossip, but if you have some, feel free to pass it along. What's going on here? Hey, wait, it seems like we're seeing the return of pragmatic Elon Musk, right? We saw really, really angry Musk last week. And now things are cooling off and kind of the realization of, you know, he's got to make things work with the president. You know, one of the things I think is also very interesting is Trump himself seems to have tried to cool things off with Musk. These are two people with huge egos, with mercurial kind of ways of doing things. And Musk is a little bit of a threat to Trump. And Trump is a threat to Musk. And so in a lot of ways you want to see them both go to their opposing corners and try to mend those fences. So that said, is it now a non-issue? Because the worst case scenario, I would think if you're a Tesla shareholder, is a vindictive president who suddenly turns his administration against your, you know, hopes on the regulatory front vis-a-vis robo-taxis and all the rest of it. Absolutely, that is a huge threat that hangs out there. It might not just be the relationship between the president and Musk, but what Musk's actions do or have done to rile the base, to rile those folks in MAGA, those folks in the administration who wanted to perhaps, you know, take some vengeance for their boss. So that's one of the concerns hanging out there. And as you point out, Musk needs some help here from the government when it comes to rolling out robo-taxis across the country. Right now there's a patchwork of regulations at the state level, and he has vocalized his desire to have a federal level, kind of address a federal level solution. And we don't know how we're gonna get into SpaceX and all the other things he needs help with. Right, exactly, and that was already raised.

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