Ignoring Tesla's Stock Plunge, Musk Remains Committed to Leading the Government Efficiency Department!
TradingKey - Despite Tesla's stock plummeting over 40% this year, Musk continues to dedicate his efforts to the DOGE department.
On Monday, Tesla's stock plummeted more than 15%, marking its largest single-day drop in five years and temporarily trading at $222. Year-to-date, Tesla has declined by 41%, completely erasing its gains since Trump's election and returning to its lowest level since last November.
Tesla Stock Price Chart, Source: Google.
Tesla's stock crash has captured market attention, with one post highlighting the timeline of Tesla's largest single-day drops in history. Musk responded, "In the long term, everything will be fine."
Musk's Response to Tesla's Plunge, Source: X.
Additionally, Musk acknowledged in an interview that he faces significant challenges in managing his businesses. However, this does not change his commitment to leading the Government Efficiency Department (DOGE). Musk stated, "I will continue to push for a leaner U.S. federal government and broadly improve government efficiency."
Related Articles
U.S. Government Shutdown: If It Happens, Economic Bad News Could Be Good News for Stocks
TradingKey - If the U.S. government experiences a shutdown, it could lead the Federal Reserve to stick with its current pace of interest rate cuts, or even accelerate them if the shutdown lasts longer and causes deeper economic disruptions.
Carnival’s Q3 2025 Earnings Preview: Can Strong Demand and Celebration Key Drive Valuation Higher?
TradingKey - Fueled by robust consumer demand for cruise travel, Carnival has hit all-time highs in several key metrics, including revenue, yield, and customer deposits. Its stock has performed strongly in 2025, with a year-to-date gain exceeding 20% and a nearly 70% increase over the past 12 months
U.S. August PCE Preview: Four-Run PCE Bounce Challenges the Fed’s Three-Cut Plan
TradingKey - The U.S. Bureau of Economic Analysis (BEA) will release the August Personal Consumption Expenditures (PCE) Price Index on Friday, September 26, with markets closely watching how much tariff pass-through effects have influenced inflation.
Unlocking Gold’s Next Leg: $4,000 in Reach by 2025？
TradingKey - Gold has kicked off a fresh uptrend in early September, breaking out of months of compression and reclaiming key territory. The decisive move above $3,500 establishes a new support base and puts higher objectives back on the table for the weeks ahead
