Tesla (TSLA) Stock Prediction & Analysis: Price Surges as Elon Will Ditch DOGE Role
TLDR
- Tesla stock surged 5.1% despite initially falling 6.4% after disappointing Q1 deliveries
- Report from Politico suggests Elon Musk may soon leave his role at Department of Government Efficiency (DOGE)
- Investors appear optimistic about Musk potentially refocusing on Tesla
- Musk’s political involvement has created brand issues for Tesla
- Tesla’s Q1 delivery numbers missed already lowered expectations
Tesla shares rebounded Wednesday, gaining 5.1% despite starting the day with a 6.4% drop following the release of quarterly delivery numbers that missed expectations.
The recovery came as both the S&P 500 and Nasdaq Composite moved higher, up 0.5% and 0.9% respectively.
A new report from Politico appears…
