Wedbush analysts believe Elon Musk stepping away from his government role at the Department of Government Efficiency could be great news for Tesla. They suggest Musk returning his attention to the electric vehicle company now could help it navigate the current challenges in a competitive and evolving market.
According to the note, staying too long at the department could damage Tesla’s brand and create lasting risks. Musk’s potential return is seen as a turning point, signaling the end of his government pursuits and a renewed push to strengthen Tesla’s core operations. The brokerage remains confident in Tesla’s future, maintaining its bullish stance.
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