One piece of positive news out of the White House overnight was the potential that Elon Musk is stepping down as a special government employee. The departure of Trump’s largest financial backer from his 2024 campaign has come earlier than expected, as the controversial figure has garnered mixed reactions over the past few months. Overnight, we also heard that Tesla’s sales declined by 13% in the first three months of the year, another sign that Musk’s once high-flying EV company is struggling to attract buyers as BYD goes from strength to strength. Our initial thought was, is the first sign that Trump 2.0 will adopt a more “normal” approach to office?
- A rare win for both Trump’s standing and Tesla shareholders as Musk can refocus his efforts on the company that propelled him into a household name – we can see Tesla bouncing from here, but it would be a trade only.
MM likes TSLA as an aggressive trade
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