A prominent investor at Tesla, Christopher Tsai, has expressed concerns about Elon Musk’s involvement in the Department of Government Efficiency (DOGE) and hopes it will be short-lived. Tsai, a financial investor and founder of Tsai Capital, which holds tens of millions of dollars in Tesla stock, believes the market’s reaction to Musk’s actions under DOGE is negative.
Tsai, who has managed a portfolio of about $137 million since investing in Tesla in 2020, thinks the company is more focused on developing advanced electronics and software than being a traditional automotive manufacturer. He expressed confidence that Tesla will remain valuable despite current performance downturns.
However, Tsai acknowledges that Musk’s recent involvement in politics has led to public disapproval, with 53% of Americans disapproving of him according to a recent poll. This sentiment is reflected in the market, as Tesla stock recently declined by over 15%.
Tsai hopes Musk will return to focusing on his businesses rather than taking on temporary roles like DOGE. The investor’s comments come after several incidents of vandalism and arson at Tesla dealerships, which have sparked public protests and concern about the company’s handling of the situation.
Despite this, Tsai remains optimistic about Tesla’s long-term prospects, stating that he believes Musk will eventually return to his core businesses. His investment experience suggests that this could be a short-lived role for Musk in DOGE, as stock markets often react negatively to politicians’ involvement with companies like Tesla.
Source: https://www.mitrade.com/insights/news/live-news/article-3-699157-20250316