Elon Musk just finished his 130-day government speedrun, and the only thing more inflated than his ego is the federal deficit he was supposed to fix. After slapping a “thank you” sticker on Trump’s forehead and blessing the White House with another passive-aggressive post on X, the world’s richest degenerate is officially done being the judge, jury, and executioner of federal bloat.
(Source: Giphy)
To be fair though, Elon isn’t leaving his Iron Throne on his own dime. Instead, federal law doesn’t let “special government employees” double-dip as CEO and bureaucrat for more than 130 calendar days. However, his farewell tour hinted that the work isn’t done yet. Musk claimed “@DOGE will only strengthen over time as it becomes a way of life throughout the government,” and he even managed to trash Trump’s own spending bill on CBS, muttering that it “undermines the work that the DOGE team is doing.” Which he definitely has a point. But to end it, he did sign off with a thank you for “the opportunity to reduce wasteful spending”. Which again, he has another point… (sup, USAID).
Meanwhile, Tesla investors have been getting increasingly twitchy about Musk’s divided attention. The stock has underperformed the broader market since Musk started his government gig, so it’s easy to see why shareholders are big mad YTD. With that said, the good news is, Cybertrucks should be safe from any kind of vandalism going forward. Let’s hope.
(Source: CNBC)
On the other end of the schtick, don’t think for a second DC will miss him. Especially as Musk is facing a buffet of lawsuits alleging he trampled all over federal statutes while running DOGE. And that’s before you count the backroom whispers from actual government lifers who are tired of being lectured on “efficiency” by a man who changed his X handle to “Harry Bolz”. Which is still a classic, and minted a handful of millionaires on the “Harry Bolz” memecoin. Yes… really.
So technically, you could say the good impacts may outway the bad here. That is, if you count good impacts being an increasing number of 16 year olds buying lambos and filling your TikTok timeline with “bet”, “lit”, and “slay” language.
(Source: Giphy)
But alas, zooming out though, Musk is facing an uphill battle when it comes to Tesla’s brand as a tech darling. The company is getting body-slammed by Chinese EV upstarts (particularly BYD), meanwhile companies like Pony AI are kneecapping any robotaxi market share Musk was hoping to obtain. Of course, things may take a turn now that Musk’s part-time hall monitor employment is over, but let’s not act like it’s an easy obstacle to hurdle through.
In the end, this was definitely one hell of a milestone to add to Musk's legacy. The guy truly is the Renaissance Man of the century. And whether you love him or hate him, you have to respect his savviness in politics and business. For now, keep your eyes on Tesla as shareholders seem to be pumping the stock 2% on the day… that is, until Elon opens his mouth and kills it with something absolutely bonkers. But until then, enjoy the day. Until next time, friends…
Stocks.News holds positions in Tesla as mentioned in the article.
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