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In recent weeks, President Donald Trump has suggested that Elon Musk might soon step down from his role as the head of the Department of Government Efficiency (DOGE).
Musk, who also serves as a senior White House adviser, has been at the center of a controversy surrounding the department’s significant reduction in government employees. This potential departure comes as Musk’s temporary government tenure is expected to conclude in May.
Trump has indicated that Musk’s objectives with DOGE might be achieved by that time, allowing him to refocus on his business ventures. The possibility of Musk leaving has sparked discussions about the future direction of DOGE and its impact on government operations.
Tesla’s Stock and Business Affected by Musk’s Government Role
The news of Musk’s potential exit has not been without consequence. There has been mounting criticism regarding his role in government, particularly in relation to the drastic workforce reductions at DOGE. This backlash has extended to his business interests, with Tesla (NASDAQ: TSLA) facing public disapproval.
Reports have emerged of incidents targeting Tesla dealerships, adding to the challenges the company faces. The negative sentiment surrounding Musk’s government involvement has contributed to a decline in Tesla’s reputation, raising concerns among investors about the company’s ongoing stability and public image. An potential exit could mean more stability for the company and its investors.
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TSLA Stock Brief
Amidst the controversy, Tesla’s stock has experienced notable fluctuations. The recent trading session saw the stock open at $254.60 and currently trading at $276.82. Despite a day low of $251.27 and a high of $276.98, the current price reflects a recovery from previous declines.
Over the past weeks, Tesla’s stock has navigated through a series of ups and downs, with significant price variations observed in March. For instance, on March 24, 2025, the stock opened at $258.08 and closed at $278.39, demonstrating a substantial gain. However, subsequent sessions showed mixed results, indicating an uncertain market response to ongoing developments.
Tesla’s financial metrics provide further context to its current market position. With a market capitalization of $890.40 billion and a Beta of 2.507, the company exhibits considerable volatility. The trailing P/E ratio stands at 135.70, while the forward P/E ratio is 85.44, suggesting expectations of future growth.
Analysts have issued a “Hold” recommendation, with a target mean price of $329.68. This reflects a cautious optimism about Tesla’s prospects amidst the current challenges. The company’s revenue of $97.69 billion underscores its significant market presence, although the ongoing controversies could influence future performance.
Disclaimer: The author does not hold or have a position in any securities discussed in the article. All stock prices were quoted at the time of writing.
About the author
Tim Fries is the cofounder of The Tokenist. He has a B. Sc. in Mechanical Engineering from the University of Michigan, and an MBA from the University of Chicago Booth School of Business. Tim served as a Senior Associate on the investment team at RW Baird’s US Private Equity division, and is also the co-founder of Protective Technologies Capital, an investment firm specializing in sensing, protection and control solutions.
