Published: Monday, January 6, 2025 · 11:10 AM | Updated: Monday, January 6, 2025 · 11:10 AM
📊 395 views
Since the presidential election, Elon Musk has spent considerable time trying to build a rapport with President-elect Trump, sparking speculation about potential benefits for Musk’s companies. Notably, Tesla (TSLA, Financial) recently reported lower-than-expected vehicle sales for the fourth quarter, marking the first year-over-year decline in over a decade. This announcement led to a 6% drop in Tesla’s stock, which has slid 18% since its peak around Christmas. Nevertheless, the stock has risen over 50% since the election.
Tesla’s delivery reports often reflect Musk’s characteristic hype, which can sometimes boost the stock, such as a 22% surge after a previous earnings report. However, the latest performance has fallen short of expectations. Despite this, loyal investors remain optimistic, viewing Tesla not only as an automaker but as a disruptive technology leader.
Wedbush analyst Dan Ives reiterated his perspective that Tesla is at the forefront of revolutionary tech, particularly in AI and autonomous driving, predicting a 63% increase in the stock for 2024. Yet, Tesla must prove it is more than a car company to justify its valuation, especially with unmet targets. Musk’s forecast of 20% to 30% growth in vehicle sales this year will test the market’s valuation comfort level and the advantages of his relationship with Trump.
MORE IN INSIDE INVESTMENT NEWS
Cerebras stock Plunges 14%: Alpha Opportunity or IPO Warning?
Published: Thursday, August 13, 2026 · 2:04 PM
Tencent’s Alpha Drive: Gaming Rebound Fuels Growth Amid AI Push
Published: Wednesday, August 12, 2026 · 5:18 AM
