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What Next: TBD | Why Wall Street Can’t Quit Elon
Apr 6, 2025
Felix Salmon, chief financial correspondent for Axios and host of Slate Money, dives into the captivating dynamics between Wall Street and Elon Musk. He discusses why investors remain loyal to Musk despite controversies surrounding Tesla. The conversation highlights Musk's unique influence on stock dynamics, even amid declining deliveries and rising competition from companies like BYD. Additionally, it explores the complex interplay of politics and finance, revealing the delicate balance Wall Street maintains with disruptive figures like Musk.
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Quick takeaways
- Despite a decline in Tesla's vehicle deliveries, investor confidence in Elon Musk's leadership sustains the company's high valuation on Wall Street.
- Elon Musk's unconventional control over Tesla challenges traditional corporate governance, creating a complex relationship with institutional investors.
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