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Kendall And Casey Podcast

Elon Musk says he’ll step back from DOGE starting in May

Kendall And Casey Podcast

Kendall And Casey

News

4.61.2K Ratings

🗓️ 23 April 2025

⏱️ 2 minutes

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Transcript

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0:00.0

Hey, did you see Elon Musk is leaving Doge?

0:02.6

Yeah.

0:03.7

He said he's going to be stepping down and going back to work on Tesla.

0:07.5

And the people at Tesla have to be very happy about this because Tesla profits had plunged over 70% in his absence.

0:15.5

And after he made the announcement that he was going to leave Doge and go back to Tesla, 5% increase just off of that

0:23.3

announcement. Well, we've talked about this for several months. If you're somebody who's heavily

0:26.3

invested, and a lot of people are through their 401ks or whatever, but I mean, if you're like a

0:30.9

heavy, heavy Tesla person, you've got to just be beside yourself that this guy tanked your

0:36.3

stock while he was playing government, right?

0:40.6

Yeah, I mean, that's the thing Tesla appears to have paid the price for Doge.

0:45.9

And the cyber truck obviously became a political target.

0:50.4

So not only does he have some business to take care of, but possibly some, I don't want to say

0:57.6

rebranding, but some branding management that he's going to have to tackle. Yeah. I mean, if you look at

1:03.9

Tesla stock, it was, what, like 280 a month ago, it was, what, 500? It was like six months ago, almost 500. It's a 245 now.

1:16.2

I mean, that's a pretty, I mean, that's a pretty serious drop over the last six months.

1:22.6

If you're heavily invested in Tesla, I mean, it was 400, a year, 400,ish a year ago. I mean, that's a significant

1:31.0

hit to your portfolio if you were heavily leveraged into those guys. And let's face it,

1:37.1

the reality is, much of it's down because he's been, and while it's been great for the country,

1:42.1

I think on certain levels, so distracted and out there on

1:46.0

Doge and government cuts, and that's angered a big portion of his customer base. And look, I get it. I get it.

1:53.4

If you were a person heavily in Tesla, you are not a happy camper right now. Well, some early backers of Tesla are saying that Musk should be replaced

2:02.6

as the CEO. And that's the only way the company can move forward because they think the damage is done.

...

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