The 'DOGE' jokes are easy, but Musk's new side hustle is Tesla's biggest advantage yet: Morning Brief

Published On Nov 14, 2024, 6:00 AM

Elon Musk's new role in leading a proposed government department aimed at efficiency has investors taking notice, particularly in regard to Tesla (TSLA). Analysts suggest that this appointment may give Musk more influence over governmental processes that could impact his businesses directly, especially Tesla. Despite previous concerns over Musk's distractions, his leadership role could be seen as a positive catalyst for Tesla's stock, which has already shown a strong response since Election Day. The public perception of Musk as a champion for reducing government waste could further bolster investor confidence in Tesla.