Latest news with #Musk-fueled
Business Insider
05-05-2025
- Automotive
- Business Insider
‘The Comeback Has Legs,' Says Investor About Tesla Stock
Tesla (NASDAQ:TSLA) shares are charging ahead, soaring 26% in just two weeks after Elon Musk hit the brakes on his political distractions to zero in on the company's core mission. During the latest earnings call, Musk signaled a renewed commitment to Tesla – and investors wasted no time rewarding the shift. Protect Your Portfolio Against Market Uncertainty Truth be told, there was little else for Tesla bulls to celebrate during the earnings call, as the company reported slowing revenue and weakening margins in Q1 2025. Looking ahead, Tesla plans to revisit its 2025 guidance in a future Q2 update, citing the uncertain geopolitical landscape among other factors. So, is this rally a sign of lasting momentum or just another Musk-fueled sugar high? One investor, known by the pseudonym JR Research, believes Tesla's turnaround has real traction. 'Tesla is focused on the second half growth imperative, moving past the headwinds that afflicted its Q1 performance,' posits the 5-star investor. JR cites a number of factors that support this optimistic take, starting with the upcoming production launch of a more affordable EV in June. The investor also notes that the volume production for the company's robotaxi initiatives remains on schedule for the second half of 2026. In addition, while Tesla is not immune from the effects of a global trade spat, JR points out that the company is in better shape than most due to its North American-based manufacturing. In fact, the investor emphasizes that 85% of its supply chain is USMCA-compliant. Still, JR acknowledges that there are reasons to be cautious. Tesla is facing strong and growing competition in the Chinese EV market, while Musk's political affiliations may drive further losses among European and Canadian consumers. Indeed, JR suggests that 2025 could be a 'year to forget' for Tesla. However, that could end up being a plus for those willing to look beyond the rough start to the year. 'I believe the bullish sentiments anchoring the stock's recovery have robust momentum, although it might take some time for growth investors to catch up with the optimism… If you have conviction in Tesla's execution of a recovery in the second half, with Q1 being the nadir, I believe the opportunity to add exposure seems apt,' concludes JR Research, who rates TSLA a Buy. (To watch JR Research's track record, click here) Wall Street, on the other hand, isn't quite ready to jump in with both feet. With 16 Buys, 9 Holds, and 11 Sells, TSLA carries a consensus Hold (i.e., Neutral) rating. Its 12-month average price target of $283.69 suggests the stock is fully valued. (See TSLA stock forecast) To find good ideas for stocks trading at attractive valuations, visit TipRanks' Best Stocks to Buy, a tool that unites all of TipRanks' equity insights.
Yahoo
01-04-2025
- Automotive
- Yahoo
Trump hints that Musk and DOGE may be coming to the end of the road
Elon Musk's days as a senior White House adviser may be coming to an end — along with his government-slashing Department of Government Efficiency. President Donald Trump hinted Monday that his close ally Musk may have to go back to running his companies full time and that the tumultuous mission of DOGE will have been accomplished after firing tens of thousands of government employees. "I think he's amazing but I also think he's got a big company to run and so at some point he's going to be going back,' Trump said of the Tesla CEO. 'He wants to. I'd keep him as long as I could keep him.' The president's comments, made at a White House signing ceremony for an executive order calling for increased scrutiny of concert ticket resellers, came amid growing public concern about the chaos and turmoil caused by DOGE — and as the once high-flying Tesla appears to be heading for a hard landing. Musk is classed as a temporary government employee, with a 130-day cap on his services at the White House. Under that designation, his tenure would conclude at the end of May. But a White House official told POLITICO in February that there was no end in sight to his time working alongside Trump, and that he was 'here to stay.' Since joining the government, Musk has — by his own description — taken a chainsaw to the federal workforce, including by moving to eliminate agencies such as the United States Agency for International Development and the United States Institute of Peace. The effort is not popular, though, with more than half of voters in a recent Quinnipiac poll saying the billionaire and DOGE are hurting the country. Trump told reporters at the White House that the influence of DOGE would linger because Cabinet members and agency heads have 'gotten a big education' from the experience. 'There will be a point at which the secretaries will be able to do this work.' Tesla, meanwhile, is hitting major turbulence. Sales of its electric cars are plummeting around the world as Musk-fueled rage makes the vehicles increasingly unpopular with consumers who once flocked to the brand. The company's share price plunged 36 percent in the first quarter. Musk appeared to set the stage for his departure at the 130-day mark in an interview with Fox News last week, saying 'I think we will have accomplished most of the work required to reduce the deficit by a trillion dollars within that time frame.'
Politico
01-04-2025
- Automotive
- Politico
Trump hints that Musk and DOGE may be coming to the end of the road
Elon Musk's days as a senior White House adviser may be coming to an end — along with his government-slashing Department of Government Efficiency. President Donald Trump hinted Monday that his close ally Musk may have to go back to running his companies full time and that the tumultuous mission of DOGE will have been accomplished after firing tens of thousands of government employees. 'I think he's amazing but I also think he's got a big company to run and so at some point he's going to be going back,' Trump said of the Tesla CEO. 'He wants to. I'd keep him as long as I could keep him.' The president's comments, made at a White House signing ceremony for an executive order calling for increased scrutiny of concert ticket resellers, came amid growing public concern about the chaos and turmoil caused by DOGE — and as the once high-flying Tesla appears to be heading for a hard landing. Musk is classed as a temporary government employee, with a 130-day cap on his services at the White House. Under that designation, his tenure would conclude at the end of May. But a White House official told POLITICO in February that there was no end in sight to his time working alongside Trump, and that he was 'here to stay.' Since joining the government, Musk has — by his own description — taken a chainsaw to the federal workforce, including by moving to eliminate agencies such as the United States Agency for International Development and the United States Institute of Peace . The effort is not popular, though, with more than half of voters in a recent Quinnipiac poll saying the billionaire and DOGE are hurting the country. Trump told reporters at the White House that the influence of DOGE would linger because Cabinet members and agency heads have 'gotten a big education' from the experience. 'There will be a point at which the secretaries will be able to do this work.' Tesla, meanwhile, is hitting major turbulence. Sales of its electric cars are plummeting around the world as Musk-fueled rage makes the vehicles increasingly unpopular with consumers who once flocked to the brand. The company's share price plunged 36 percent in the first quarter. Musk appeared to set the stage for his departure at the 130-day mark in an interview with Fox News last week, saying 'I think we will have accomplished most of the work required to reduce the deficit by a trillion dollars within that time frame.'
