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Mohit Oberoi

Is TSLA Stock Still a Buy as the ‘Musk Back at Tesla’ Story Runs Its Course?

Elon Musk Tesla Inc. United States Donald Trump Department of Government Efficiency DOGE Adam Jonas

Tesla (TSLA) stock has whipsawed since President Donald Trump’s reelection in November 2024. In December, Tesla hit its all-time high, riding the “Trump trade.” However, the stock came under selling pressure this year in part due to CEO Elon Musk’s political activities.

Musk’s association with Trump and his open embrace of global right-wing leaders negatively impacted investor sentiment, with some surveys showing his politics hurting Tesla’s sales. Musk was also heading the controversial Department of Government Efficiency (DOGE) that was tasked with advising the president on cutting excess government spending.

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