Tesla, Musk and SpaceX
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As Mr. Musk steps away from Washington, he faces concerns over his prolonged absence from his businesses including Tesla, SpaceX, xAI and X.
As Elon Musk prepares to leave the U.S. government, Tesla investors are pleading with the EV maker to make sure the CEO refocuses on the company and to disclose how the board would replace him in an emergency or if he loses interest.
On May 24, X experienced a major global outage, with Musk acknowledging “major operational improvements” were urgently needed and that failover systems “should have worked, but did not.” Musk publicly declared on X “Back to spending 24/7 at work and sleeping in conference/server/factory rooms.
That’s a bull’s take, but not one the majority of Wall Street analysts share; TSLA stock only claims a Hold consensus rating, based on a mix of 16 Buys, 10 Holds and 11 Sells. Going by the $282.70 average price target, a year from now, shares will be changing hands for an 18% discount. (See TSLA stock forecast)
Social media platform X was hit by a two-hour outage Saturday, prompting owner Elon Musk to say he needs to spend more time focusing on his companies. His
Tesla investors demand Elon Musk commit full-time amid falling profits, weak sales, and growing leadership concerns.
Tesla Inc (NASDAQ:TSLA) shares are trading higher Thursday after CEO Elon Musk announced the end of his role as a special government employee.
The billionaire also spearheaded Trump's so-called Department of Government Efficiency, charged with cutting federal spending, which generated controversy