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Barchart
Barchart
Mohit Oberoi

Should You Rush to Buy TSLA Stock as Musk Vows to Prioritize Tesla Over DOGE?

Elon Musk DOGE United States Tesla Inc. Donald Trump

Tesla (TSLA) is one of the most popular stocks among retail investors. While the company always gets outsized attention, its Q1 2025 earnings, which were released yesterday, April 22, after the close of markets, were particularly eagerly awaited.

The earnings came with the backdrop of an over-41% YTD drawdown in TSLA stock, which made it the worst-performing “Magnificent 7” stock ahead of its quarterly confessional. Moreover, Tesla has been in focus due to CEO Elon Musk’s close association with President Donald Trump. Musk is an advisor to Trump and heads the Department of Government Efficiency (DOGE), which advises the president on cutting excess government expenditure.

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