President Musk?

Published On Dec 19, 2024, 4:52 PM

Elon Musk has emerged as a surprisingly influential figure in Washington, acting as a significant advisor to President-elect Donald Trump. Recently, Musk publicly urged Congressional Republicans to reject a bipartisan spending bill intended to prevent a government shutdown. His actions have drawn attention to his potential political ambitions and the growing power he may hold in influencing U.S. policy, particularly as Trump prepares to take office. There are speculations around how this newfound influence could unfold, whether Musk will attempt to take more control or revert to a subordinate role.

Read full article

Stock Forecasts

TSLAView TSLA chart on TradingView

Negative

Musk's increasing influence in U.S. politics, particularly in Congress regarding spending bills, points towards potential volatility for companies under his purview, especially Tesla. If a government shutdown occurs as he hinted, it could affect market sentiment and lead to increased scrutiny of his companies. However, if Musk succeeds in embedding his agenda with Trump, and if investor sentiment aligns with his initiatives, there may be a temporary rally for his associated stocks.

Related News

Is Elon Musk a National Security Risk?

Dec 18, 2024, 8:03 AM

Federal agencies are reviewing whether the tech mogul and ally of Donald Trump complied with disclosure rules meant to protect states secrets.

TSLA

Stock market today: Dow eyes longest losing streak since 1978 as stocks slide ahead of Fed decision

Dec 17, 2024, 2:58 PM

The Fed meeting kicks off with investors on alert for clues to the path of rates after the widely expected December cut.

NVDA
XLY
TSLA

Tesla stock jumps to another high as Mizuho more than doubles price target to $515

Dec 17, 2024, 11:30 AM

Tesla stock’s end-of-year rampage rolled on, with shares hitting another high based on optimism for Tesla's "autonomous opportunity" and a Trump-controlled executive branch.

TSLA