Here is the essence: a new survey conducted by Morgan Stanley indicates that the majority of stakeholders consider Elon Musk’s political actions to be detrimental to Tesla.
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Although Tesla’s equity value experienced an increase on Wednesday due to a technology stock surge, it is still poised for its eighth consecutive week of declines since Trump assumed office and Musk began leading the “Department of Government Efficiency” (DOGE) – indeed, you understood correctly.
Evidently, Trump demonstrated his backing by bringing a group of Teslas to the White House on Tuesday, allegedly to acquire one himself.
The Morgan Stanley research revealed that an astounding 85% of participants think that Musk’s political participation is negatively influencing Tesla’s primary operations. The research was conducted swiftly, collecting 245 replies in only 17 hours on Tuesday, but Morgan Stanley highlighted that those polled were not always Tesla stockholders.
Tesla’s stock has essentially eliminated all of its post-election profits and has decreased by almost 50% from its all-time peak at the close of the previous year.
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1. Morgan Stanley, “Investor Sentiment: Resurgence of Growth Concerns.”
2. NPR, “Trump and Elon Musk Unite at the Executive Mansion to Procure a Tesla.” (This is a lighthearted interpretation, given the improbability of Trump’s Tesla purchase.)
