Tesla’s shares are fired at 22% in May, since investors welcome Musk de Dege.

Tesla’s shares shot almost 22% in May, the best month since November 2024, since investors welcomed CEO Elon Musk with open arms after a few difficult months directing the Government Efficiency Department (Doge).

For investors, his mandate was painful since Musk’s approach met a public reaction and personal attacks against individual Tesla car owners.

“Elon’s role in the Trump and Doge administration created brand damage and a black cloud about history,” Wedbush Dan Iives wrote in a note to customers on Friday. Tesla’s shares sank a minimum of around $ 222 per share in March, before recovering impulse at the end of April. The action has still dropped more than 14% by 2025 and outside its historical maximum of $ 479.86 reached in December 2024, as traced by Dow Jones Market Data Group.

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“We believe that there was 20% of the stock in the stock linked to musk in the White House, which is now relieved as Musk leaves the 202 area code during one of the most important technological periods for Tesla,” added Iives. Its objective price in the shares is $ 500, which implies a 44% increase in the closing price of $ 346.46 on Friday.

“Wasteing 24/7 at work and sleeping in the conference/server/factory rooms. I must be very focused on 𝕏/XAI and Tesla (plus the launch of the spacecraft next week), since we have critical technologies that implement,” Musk published on X on May 24.

The Tesla Robotaxi is seen in a presentation event in Los Angeles on October 10, 2024. (Tesla / Brochure through Reuters / Reuters)

Musk Confident Doge can still save $ 1 billion

The long -awaited launch of Robotaxi de Tesla is scheduled for June 12.

“In recent days, Tesla has been testing autonomous cars and cars (no one in the driver’s seat) in Austin’s public streets without incident. A month earlier than expected. Next month, the first delight from the factory to client” Musk shared in X.

While the exaggeration is there, the founder of Constellation Research, Ray Wang, tells Fox Business that they are the first days.

“I am excited that there will be a competition in the Robotaxi market. You have a waymo in many places, you have Zoosks in Las Vegas and now, of course, Tesla is also reaching Austin and parts of Texas,” Varney told Stuart. “He is going to start with 10 and then moving to 1,000 is what he is predicting, but as they know, he tends to predict early and predict large numbers that do not always appear on time.”

The main advisor of the White House, Elon Musk, walks to the White House after landing in Marine One in South Law in Washington, DC., March 9. (Samuel Core / Getty images)

The Musk period that went to Doge officially concluded on Friday, and President Donald Trump thanked the richest man in the world for his service when he returns to direct his commercial empire, which includes Spacex, Starlink, X, The Boring Company and, of course, Tesla.

Trump praises Elon Musk and his commercial empire

President Donald Trump joins for Tesla and the CEO of Spacex, Elon Musk, and his son, X Musk, during an executive order signed in the Oval Office of the White House in Washington, DC, on February 11. (Andrew Harnik/Getty images)

“Elon’s service to the United States has been without comparison in modern history. It is already directing one of the most innovative automotive companies in the world. If you look at their factories and compare them with some of the old factories we have, and it is a big difference.” Trump said from the oval office.

Musk told Bloomberg in May that he plans to lead Tesla for the next five years.