Elon Musk, Tesla Face Fork in the Road Moment -- Market Talk

Dow Jones04-03

0920 ET - Investors stuck with Tesla and its CEO Elon Musk because disruption and growth went hand-in-hand, "but Musk and Tesla are facing a clear moment of truth ahead and this is a fork in the road decision... stay leading DOGE and risk the future of Tesla," Wedbush's Dan Ives and Sam Brandeis say in a research note. As Musk has committed all his time to the Department of Government Efficiency, Tesla's stock has suffered in part due to public backlash to cuts made by DOGE. Citing media reports that say Trump has told his cabinet that Musk will be leaving in coming months, the analysts say the situation is not sustainable and the longer he stays at DOGE, the more risk to Tesla. Tesla is off 6% premarket. (denny.jacob@wsj.com; @pennedbyden)

(END) Dow Jones Newswires

April 03, 2025 09:20 ET (13:20 GMT)

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Citing media reports that say Trump has told his cabinet that Musk will be leaving in coming months, the analysts say the situation is not sustainable and the longer he stays at DOGE, the more risk to Tesla. Tesla is off 6% premarket. 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As Musk has committed all his time to the Department of Government Efficiency, Tesla's stock has suffered in part due to public backlash to cuts made by DOGE. Citing media reports that say Trump has told his cabinet that Musk will be leaving in coming months, the analysts say the situation is not sustainable and the longer he stays at DOGE, the more risk to Tesla. Tesla is off 6% premarket. 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