The news article discusses Tesla shareholders' response to Elon Musk's new role at the Department of Government Efficiency (D.O.G.E). Most shareholders are unfazed and believe that Musk is a capable multitasker. They believe his work in the Trump administration will benefit Tesla by reducing regulations and opening the path to technological advancements, such as autonomous driving. However, not all shareholders are convinced and express concerns about potential negative impacts on the company. Tesla ended 2024 with declining sales due to increased competition and stagnating growth in the EV market. Despite this, Wall Street remains optimistic about Tesla's future under the Trump administration, with its shares rising by 70% since the election. Musk's pay package was approved by shareholders, reaffirming support for him as their leader.
Content Editor ( cryptopolitan.com )
- 2025-01-18
Tesla shareholders unfazed by Elon Musk’s DOGE responsibility
