Tesla: Wedbush positive for Elon Musk's departure from DOGE

Published: 2025-04-03 09:20:23 ET TSLA

Wedbush confirms its 'outperform' rating on Tesla shares, along with its $550 target price , as 'according to press reports, Donald Trump has told his cabinet that Elon Musk will be leaving office soon in the next few months'.The broker points out that Elon Musk's DOGE initiative and all the time he has devoted to the Trump Administration since he took office in January, have proved worrying for investors and for Tesla shares. The clock has struck 12, and we think investors should see Elon Musk's slow but steady departure from his position at the head of the DOGE as a very positive sign for Tesla, Wedbush says.

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