特斯拉股价的波动与当选总统唐纳德·特朗普在周二晚间宣布任命马斯克担任一个新设立的政府效率职务有关。马斯克将负责减少浪费，为纳税人节省开支。特朗普还任命维韦克·拉马斯瓦米共同分担马斯克的工作负担。Source: Jin10 Data
With Trump appointing Musk as the head of the new government efficiency position, Tesla rose slightly on Wednesday, but the market is full of doubts about whether Musk's "cross-border" politics will affect Tesla's future development.
$Tesla (TSLA.US)$ Stocks rose slightly again in Wednesday's volatile trading, but investors may breathe a sigh of relief as CEO Elon Musk once again takes on a new role.
The fluctuations in Tesla's stock price are related to President-elect Donald Trump's announcement on Tuesday evening appointing Musk to a newly established government efficiency position. Musk will be responsible for reducing waste and saving taxpayer money. Trump also appointed Vivek Ramaswamy to share the workload with Musk.
This appointment is not without controversy. The 'government efficiency department' Trump referred to does not exist; creating a new department requires congressional approval. Moreover, there are questions regarding potential conflicts of interest concerning Musk's decision-making role in the government, especially considering that Musk's companies operate in several industries that are regulated by the government.
While investors have long known that Musk might accept another position (as he simultaneously manages Tesla, SpaceX, X, xAI, and others), there is a risk that he could become distracted, which might create problems for Tesla.
Wedbush analyst Dan Ives commented, 'The appointment of Vivek is unexpected good news and should help Musk navigate the DOGE-related situation.' He also added that Musk's closeness to the president could benefit Tesla in the long run.
His rating on Tesla stock is a buy, with a target price of $400.
Of course, the market volatility on Wednesday is not entirely related to Musk. There are also factors from the post-election market fluctuations that need to be considered. After experiencing a significant drop of 6.1% on Tuesday, Tesla's stock rebounded on Wednesday.
Since the election on November 5, Tesla's stock price has risen by about 31%. Since then, the average daily volatility of the stock price has been around 8%.
This surge in price has pushed Tesla's stock far above the average target price of analysts at FactSet, which is around 240 dollars. Morgan Stanley analyst Adam Jonas rates Tesla stocks as a buy, but his target price is 310 dollars.
Jonas wrote on Tuesday: "Elon Musk's entry into the political realm has expanded investors' thinking about Tesla's fundamental prospects. Is the stock price re-evaluation temporary, or will Tesla begin to play a larger role in the USA's wind power/autos industry?"
His bullish target for Tesla stocks is 500 dollars. He is contemplating whether there will be greater development opportunities for Tesla as Musk expands his role in the USA government.
If Trump successfully pushes to reduce certain electric vehicle subsidies from the Biden era, Tesla could benefit, including reduced regulations, lower corporate tax rates, and less competition in the electric vehicle market.
These potential benefits have not yet been quantified by Wall Street. According to FactSet's forecasts, analysts expect the eps for 2025 to be about 3.30 dollars, an increase compared to the expected 2.40 dollars in 2024. This expectation has not changed much since the election.
