

This result has probably been priced in since it hit the current floor in March. The bump after the report is likely because there were no bombshells in it. They’re saying they’re still on track for all the vaporware that the valuation is based on. It will drop again when they’re inevitably delayed and it becomes clear the robots and AI taxis aren’t revolutionary but just exactly what other companies already beat them to.
We know Eric Adams did something similar with Turkish donors in New York. There was also a ton of reports of this happening during Trump’s first campaign.