• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Investors Express Concerns About Elon Musk's Political Activities

user avatar

by Giorgi Kostiuk

10 months ago

Distinguished Tesla investor Christopher Tsai has expressed concerns about Elon Musk's role in government service, hoping it is short-lived.

Market's Reaction to Musk's Actions

Financial investor and Tsai Capital founder believes the stock market has shown displeasure with Musk's activities under the DOGE initiative. Despite the market's reaction, Tsai's firm, which has substantial investments in Tesla, views the company as a leader in advanced technology, maintaining its value as a top global company.

American Disapproval of Musk

Public disapproval of Musk is linked to his suggestions for mass layoffs in government services, including humanitarian aid. According to a CNN poll by SSRS, 53% of Americans disapprove of Musk. Amidst protests, Tesla's stock fell over 15%, and company assets have faced vandalism.

Tsai's Opinion and His Trump Family Connection

Christopher Tsai, a friend of Donald Trump's son, expressed hope that Musk’s role in DOGE will be temporary. His firm continues to believe in Tesla's potential despite protests and Musk's unpopularity as a political figure.

Many investors believe Elon Musk should focus on managing his business to minimize negative impacts on the company's stock.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

BlockDAG Challenges Solana and Avalanche in Scalability

chest

BlockDAG enters the blockchain space with a unique approach to scalability, raising significant funds in its presale.

user avatarBayarjavkhlan Ganbaatar

Cronos Struggles Despite New Partnership with Upbit

chest

Cronos struggles to gain momentum despite a new collaboration with Upbit for CRO staking services.

user avatarElias Mukuru

FLOKI Coin Struggles with Centralization Despite Strong Community

chest

FLOKI has a strong community but faces risks due to its token supply structure.

user avatarGustavo Mendoza

Investors Shift Focus to Sustainable Token Systems in Crypto Market

chest

Investors are increasingly prioritizing sustainable token systems over hype-driven investments.

user avatarDiego Alvarez

Render RENDER Shows Structured Recovery After Accumulation Phase

chest

Render RENDER has shown a structured recovery after a prolonged accumulation phase, building a base between 080 and 110.

user avatarKenji Takahashi

Render RENDER Faces Key Resistance at 271 Amid AI Sector Strength

chest

Render RENDER is currently testing resistance levels near 271 after a strong price movement, with analysts divided on its future direction.

user avatarMaria Fernandez

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.