Tesla (TSLA) stock continues to face downward pressure as investor concerns over DOGE (Department of Government Efficiency) keep overshadowing the company’s AI-driven growth potential.
Tesla’s Latest Stock Performance
- Pre-market trading: Down 2.4% to $256.37
- March 10 Close: $262.67 (-0.30%)
- Decline since Feb. 20: 26%
Investor Sentiment: Markets are hoping for stability, but political uncertainty surrounding DOGE is adding new risks to Tesla’s outlook.
DOGE vs. AI: What’s Driving Tesla’s Market Turbulence?
DOGE Backlash Creates Investor Uncertainty
- Tesla CEO Elon Musk’s involvement with President Donald Trump’s DOGE initiative has sparked protests and controversy.
- Google searches for "DOGE" surpassed searches for "Tesla" on Feb. 20, signaling increased public focus on the government initiative.
Wedbush Remains Bullish on Tesla’s AI Future
- Analyst Dan Ives maintains a Buy rating with a $550 price target for Tesla.
- Believes Tesla is on the verge of unlocking trillions in value through:
- Self-driving taxi services
- Humanoid robotics business
What’s Next for Tesla?
- DOGE sentiment will take time to stabilize, potentially affecting investor confidence for months.
- The government initiative is set to run until July 4, 2026, meaning Tesla could continue facing external political pressures.
- AI and robotics innovations remain long-term growth catalysts, but investors need a shift in focus away from DOGE-related risks before confidence can rebound.
For now, Tesla bulls are watching for signs of market stabilization—but DOGE remains a wildcard.
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