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Stockreport

Elon Musk says backlash against his DOGE government cuts is hurting Tesla stock [MSNBC.com]

Tesla, Inc. (TSLA)  More Company Research Source: MSNBC.com
Last tesla, inc. earnings: 4/29 04:11 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.tesla.com
In this articleBillionaire businessman Elon Musk speaks during a town hall meeting at the KI Convention Center on March 30, 2025 in Green Bay, Wisconsin.Scott Olson | Getty ImagesTeslaSpeaking at a town hall event in Wisconsin, Musk said his role with the so-called Department of Government Efficiency — which is pushing for widespread government job cuts — is creating backlash against his electric car company and hurting the stock."What they're trying to do is put massive pressure on me, and Tesla I guess, to ... stop doing this," Musk said, according toBloomberg NewsShares of Tesla entered Monday already down more than 34% year to date, and the stock has been cut nearly in half from its peak in December. Shares were down an additional 6% in premarket trading Monday.Stock Chart IconStock chart iconTesla's stock is trading at a little more than half of its highest level from December.The drop for the stock could be a "buying opportunity" for the long term, said Musk, who was in Wisconsi [Read more]
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