Tesla shareholders are not at all nervous about Elon Musk's responsibility to D.O.G.E

According to a recent survey by Business Insider of Tesla shareholders, most of them do not see a need to worry. Most Tesla investors believe that Musk is capable of doing multiple things at once. The issue of the time he spends on Tesla has caused a stir as it became a topic of interest at the most recent annual shareholder meeting. Currently, in addition to Tesla and X, Musk is also involved in The Boring Company, SpaceX, xAI, and Neuralink. Related Parties Believe Tesla Could Benefit From Musk's Work at D.O.G.E Elon Musk and Vivek Ramaswamy have been effective in starting their work at DOGE: cutting the US federal budget and eliminating wasteful spending. They also plan to increase efficiency by merging some agencies while completely cutting others. However, the immediate task is not small and requires their full focus. Tesla shareholders believe that Musk's work in the Trump administration will benefit Tesla. They feel that the regulations the company must comply with will be significantly reduced, paving the way for technological advancements. For example, Long Island-based Tesla shareholder Anthony Gurino believes that Musk's work could help streamline the bureaucracy surrounding autonomous driving. Currently, states have the discretion to arbitrarily approve this technology. However, Musk has promised to promote nationwide approval for self-driving vehicles. Other investors also share the same view, most of them hope that the new government will bring goodwill to the company due to Musk's relationship with the newly elected President Donald Trump. Car Sales Decline Shows Tesla's Unimpressive Year According to one of Tesla's shareholders from Denmark, Philip Engberg, there are many challenges under the Biden administration. He noted that the company's technologies must face political barriers. His comment stems from Tesla being overlooked by President Joe Biden at the 2021 Electric Vehicle Summit, despite being one of the leading electric vehicle companies in the country. On the contrary, Tesla wrapped up a rather unimpressive 2024 after struggling with increasing competition and stagnation in the electric car market. These challenges led the company to witness a drop in the sales of its first cars, according to the company's January report. Notably, the widespread decline across the entire EV market is worth noting. However, Tesla ended the year with sales surpassing Audi globally for the first time. Wall Street is also optimistic about Tesla's prospects under the Trump administration, with the stock rising 70% since the election. Analysts from various firms believe in the company's further growth potential, with Morgan Stanley analyst Adam Jonas raising his target to $430. Others, such as Roth Capital CEO and senior analyst Craig Irwin, have also changed their Tesla rating from neutral to buy. Debate on Musk's Ability to Multitask In the second shareholder vote, Musk's compensation package was approved, with some shareholders noting that it reaffirmed their support for him as their leader. Some shareholders also have confidence in his ability to multitask. While others are concerned that his involvement with the government could ultimately affect his job at the company, they still believe he can get the job done. Meanwhile, not all shareholders believe that the relationship between Musk and Trump will lead to a positive phase for the company. According to shareholder John VonBokel, who voted against Musk's second compensation package, he does not understand why the stock price has increased so much. VonBokel spoke about the company's fully autonomous beta software, which requires drivers to be ready to take over driving at any time. "Certainly, Trump will not go in there and write code to improve FSD," VonBokel said. One shareholder, Charlie Redmond, went even further by predicting that Musk's relationship with Trump would not last more than six months. He emphasized that the only benefit the company could enjoy would be Musk finally persuading Trump to maintain the EV tax credit, which Trump said he would eliminate. Another shareholder noted that when the relationship finally breaks down, it could affect the stock, although the stock could recover in the long term. DYOR! #Write2Earn #Write&Earn $BTC {spot}(BTCUSDT)