TSLA: Tesla Stock Eyes Winning Week as Musk’s White House Exit Revives Investor Appetite
1 min read
Key points:
- Musk steps away from politics
- Tesla shares up 5.6% on week
- Start of the narrative reset?
Big things ahead for the EV maker — just as Musk wraps up a four-month government stint, Tesla is set to unveil its Cybercab robotaxi.
🎮 Log Off D.C, Log Back into Tesla
- Tesla stock
TSLA is looking to wrap up a winning week as its key man, Elon Musk, is going back to the office full time. Shares of the EV company are up 5.6% on the week, ahead of Friday’s closing bell.
- No more working from the Oval Office for Musk as the ultra-rich billionaire just announced he’s ending his political career as a Special Government Employee in the Trump administration.
- As Musk ends his four-month stint in Washington, markets are breathing a sigh of relief, betting that the tech mogul will now focus on what he used to do: building out an all-electric future.
👋 End to a Tumultuous Career
- The gig was part of his Department of Government Efficiency (DOGE) project — a campaign to cut federal waste, named with typical Musk flair. On X, he thanked Trump and waved goodbye to bureaucracy.
- “As my scheduled time as a Special Government Employee comes to an end, I would like to thank President realDonaldTrump for the opportunity to reduce wasteful spending.”
- The exit couldn’t come at a better time for investors. Tesla shares took a hit (or two, or many) during Musk’s time in politics, as his focus drifted from Teslas and tunnels to Capitol Hill and controversy.
🍀 EV + AV = Profit???
- Musk’s re-entry to the tech realm comes ahead of a key milestone: the Cybercab robotaxi debut. Tesla is planning to unveil the autonomous vehicle in June — a major catalyst for the languishing shares (down 5.5% on the year) and a potential disruptor in the mobility space.
- Tesla’s robotaxi vision has long been touted as the company’s next frontier. The idea of autonomous rideshare fleets, powered by Tesla’s in-house Full Self-Driving software, could unlock massive new revenue streams.
- Is that the start of the narrative reset? If the Cybercab impresses and Musk stays focused, the next few months could be pivotal for the electric-car maker.