The country is being added with trillions of debt and deficits, and desperately needs what Elon Musk is doing with Doge. But when it comes to money, I've learned that many shareholders of the company he runs, Tesla, a large EV maker!
That's right. From revolutionizing the electric car market to making high-speed broadband access for people all over the world, men who are known to be able to interact with everything, from building devices to cure paralysis , I've been spending too much time at the White House recently, hanging with President Trump as part of the government's Department of Efficiency.
In fact, Tesla's shares have fallen by more than 17% due to the dosing of masks over the past month. Meanwhile, the S&P has risen a bit. When he asked the hedge fund manager if Musk thought he was too distracted to run Tesla properly, he said “certainly.”
Of course, it was only a month, and Tesla has been his beloved for years. Recently, stocks have bounced a bit. They're under 2% in the past week. And no matter what you hear from his hatred, most people (including me) love what Elon is doing.
Exposing the waste of US taxpayers' money at the Bangladesh Transgender Dance Festival is long behind if you're earning a deficit of around $2 trillion a year and earning $36 billion in debt .
However, I do not own any stake in Tesla. And many people focused more on his time, where Musk turned his White House Pass, ran the company that enriched them, and very frankly made him the wealthiest person in the world You will love to do it.
They say it's because a lot of things are at stake. Tesla is not just an old EV company. With a market capitalization of over $1 trillion, it is one of the most valuable companies in the world.
Stocks have grown nearly 500% over the past five years. S&P barely broke 80% in gratitude in the meantime. Tesla's Wind drop allowed Musk to buy Twitter, change the name of X and become a modern-day media baron.
Investors also have short memories, and there are obvious concerns that he will leave Tesla for the last time, as he spends much time promoting the latest Doge rage. On top of that, cutting down the welfare state could potentially result in Tesla at the expense of some of his EV-loving Trump-hate customers. Singer Sheryl Crow made a recent headline and announced that he was trading Tesla due to Doge's disgust.
I realized that these fears firsthand last week when I reported some of Musk's Doge plans. He said he wanted to cut $2 trillion from the government. I thought that was a good thing. Tesla investors didn't. They focus on the other part of my report, with Mask obsessed with Doge, sleeping day and night on the floor of his White House office.
And he hopes to do this for the next four months. This means that time will be shorter for Tesla. The stocks fought quickly.
But there is a smart Wall Street that is skeptical of Musk skeptics. Musk helped Tesla survive near bankruptcy in 2018 by solving the production problems that nearly destined for the company by sleeping on the floor of his office.
IVES also points to the upcoming new Tesla models and technological advances in EV battery production. But more than that, Musk has proven his opponents wrong in the past. Trump's relationship could help more than actually hurt Tesla, Ives said.
Trump wants to engage China in oblivion. It is a global economic and military competitor. Tesla has several large factories and the mainland is a big market for his EVs. Ives expects Musk to get a customs-related carve-out thanks to his proximity to Donald.
In other words, it may be time to buy with dip, as it appears that some investors are doing it.
