Tesla shares rise by 22 % in May, where investors welcomes musk from Doug’s duties

Tesla shares rose nearly 22 % in May, which is the best month since November 2024, where investors welcomed CEO Elon Musk Returning with open arms after a few rock months, the Ministry of Government efficiency (Doge) runs.

For investors, his term was painful as Musk concentrated with a general violent reaction and personal attacks on individual Tesla owners.

“The role of Eleon in the Trump and Doug administration has damaged the brand and a black cloud on the story,” said Dan Evez, a Wedbush analyst, wrote in a memo to the customers on Friday. Tesla shares It sank to a decrease of about $ 222 per share in March, before the momentum was restored in late April. The stock still has decreased more than 14 % for 2025 and out of its highest level at all at $ 479.86 reached in December 2024, as it was followed by Dow Jones Market Data Group.

What is the next for Elon Musk after Dog’s exit

Evis added: “We believe that there are 20 % of the shares associated with musk in the White House, which has now been diluted, as Musk leaves the Law of District 202 during one of the most important technology period for Tesla.” The target price on shares is $ 500, which means an increase of 44 % of the closing price of 346.46 on Friday.

“Return to spending 24/7 at work and sleeping in the conference rooms/server/factory. I must focus superior to 𝕏/xai and Tesla (as well as the launch of Starship next week), as we have important techniques,” published Musk in X on May 24.

DOGE still provides confident musk 1 trillion dollars

The highly expected Robotaxi was set at Tesla on June 12.

“During the past few days, Tesla has been testing self -driving cars (no one in the driver’s seat) in the public streets of Austin without accidents. A month before the specified date.

While there is noise, the founder of the Constilllation Ray Wang Fox Business tells it that it is the first days.

“I am excited about the presence of some competition in the Robotaxi market. You have a waymo in many places, and I got zoos in Las Vegas, and now, of course, Tesla will come to Austin and parts of Texas as well.” “It will start with 10 and then move to 1000 is what he expects, but as you know, he tends to predict early and predict large numbers that do not always appear in time.”

Musk spent a doge It officially ended on Friday, and President Donald Trump thanked the richest man in the world for his service as he returns to the management of his commercial empire, which includes Spacex, Starlink, X and The Poring Company and of course Tesla.

Trump praises Elon Musk and his business empire

“Elon’s service to America was without comparison in modern history. It already runs one of the most innovative car companies in the world. If you look at its factories and compare it to some of the old factories we have, a big difference.” Trump from the Oval Office said.

Misk Bloomberg told May that he was planning to do Tesla for the next five years.