Tesla

Tesla's Stock Struggles in Early 2025 Amid Market Pressures

Tesla's stock has seen an 18% decline year-to-date in 2025, making it the weakest performer among the 'Magnificent 7' tech companies. The downturn is attributed to reduced EV incentives and broader market uncertainties, despite a 31% increase since the early-November U.S. presidential election. Investors are advised to monitor key technical indicators and price levels for potential shifts in momentum.

Elon Musk Joins Trump Administration to Lead Government Efficiency Department

Elon Musk takes on a pivotal role in the incoming Trump administration by co-leading the new Department of Government Efficiency. Tasked alongside Vivek Ramaswamy, the department aims to reduce government bureaucracy and spending. This move follows Musk's substantial support for Trump's campaign. The unconventional department has drawn both optimism and criticism regarding potential benefits to Musk's business ventures and concerns over conflicts of interest.