If Elon Musk heads up DOGE, it may unsettle Tesla stock: Analyst

Published On Nov 4, 2024, 9:22 AM

Analysts speculate that if Elon Musk takes a role in Trump's proposed Department of Government Efficiency (DOGE), Tesla (TSLA) could be affected negatively. Bank of America analyst John Murphy highlighted uncertainties regarding Tesla's leadership and the fate of ongoing projects if Musk becomes more involved in government. He noted that while Tesla continues to innovate in various areas, the potential shift could unsettle investors who believe in Musk's vision for the company. However, Murphy maintains an 'Outperform' rating on Tesla shares, suggesting confidence in the company's prospects despite uncertainties.

Read full article

Stock Forecasts

TSLAView TSLA chart on TradingView

Negative

If Elon Musk heads up DOGE, there may be leadership uncertainty at Tesla which could unsettle investors and affect stock performance negatively. However, Tesla's strong position and ongoing projects might mitigate any immediate impacts.

Related News

From AI to Musk’s Brain Chip, the F.D.A.’s Device Unit Faces Rapid Change

Nov 1, 2024, 11:12 AM

The new director overseeing medical devices will confront criticisms about hasty approvals as she ushers in revolutionary technology.

TSLA

U.S. Factory Towns Laid Low by the ‘China Shock’ Are Benefiting From New Investments

Nov 1, 2024, 5:03 AM

Communities that suffered the worst of plant closings in recent decades are now gaining an outsize share of fresh investment and new jobs.

TSLA
XLI

Why a Memphis Community Is Fighting Elon Musk’s Supercomputer

Oct 31, 2024, 11:07 AM

Residents say Mr. Musk’s data center for artificial intelligence is compounding their pollution burden and adding stress on the local electrical grid.

TSLA