Bloomberg Tech Tesla’s Earnings Miss, New Crypto Firm Launches with Backing from Cantor, SoftBank
Apr 23, 2025
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Musk's Focus Shift Boosts Tesla
- Tesla's stock rallied after Elon Musk pledged to reduce time spent on Dogecoin and focus more on Tesla.
- This shift countered the negative reaction to Tesla's earnings miss, showing investor focus on leadership commitment.
Tesla Earnings Contextualized
- Tesla's earnings miss was less severe than it appeared after analysts adjusted to early delivery updates.
- The disappointment was mainly in energy generation and increased AI R&D expenses, which could be positive long term.
Leadership Matters for Tesla Investors
- Elon Musk's focused leadership is seen as a key positive by investors.
- Reducing his government work will help moderate political uncertainties affecting Tesla's stock.