The S&P 500 ended Tuesday marginally lower after President Donald Trump said that there would be no extensions on his new Aug. 1 tariff deadline.

Tax incentives contained in the sweeping tax and budget bill Trump signed on July 4 could provide a fresh boost to AI chipmakers.

Sunrun (RUN) stock drew retail chatter on Wednesday after Jefferies upgraded the stock to ‘Hold’ from ‘Underperform’ after getting a better look at tax incentives for renewable energy. According to TheFly,

These days, Tesla investors would probably like to be thinking about EV sales, robo-taxis, or anything else besides politics.

The Dow Jones average remained higher Wednesday after the Fed's June minutes were released. Nvidia set a new high, and hit the $4 trillion mark in valuation.

Tesla stock was downgraded from “Outperform” to “Market Perform” by William Blair analyst Jed Dorsheimer, according to Benzinga. Dorsheimer cited the impact of the Trump-supported “Big Beautiful Bill” as a major concern.

Wedbush analyst Dan Ives wrote that the EV maker’s directors need to set ground rules for the CEO regarding his political activities.