The David Sacks of AI and Crypto Czar David Sacks says that Elon Musk will go to “involved” in Doug, and entrepreneurs are called a reasonable time – Tesla (Nasdaq: TSLA)

Last Tuesday, Elon Musk He revealed that it converts the focus from Ministry of Governmental efficiency to Tesla Inc. Timing. The advertisement has sent the shares of the auto manufacturer of approximately 24 % in the past five days. now, Donald Trump Amnesty International and Crypto CZAR, David Sachsand Must look.

What happened: During the profit call in the first quarter of Tesla, Musk said that he would significantly reduce his commitment to Dog’s time, as he is devoted to a day to only two days a week.

During the weekend, in an episode of All podcastThe bags explained that Musk does not completely move away from Doge, but rather simplifies its efforts to improve the budget of its many responsibilities.

“I have seen this before when I was part of the Twitter transmission,” explained, adding that during the first three months, Musk made an intense time of time to get the right people in place and then transferred it to the maintenance position.

“It will remain involved, but as the owner of SGE [Special Government Employee]It is limited to 130 days a year in any case, so it makes sense for him to now go so closely, “referring to the role of the CEO of Tesla in Doge.

See also: Elon Musk is equivalent to future car ownership to ride a horse while using a FLIP phone – says Pierre Ferragu of Tesla ‘iPhone’ hinges on full self -rule says

Why is this important: Tesla revenue in the first quarter reached $ 19.34 billion, by 9 % of the same period last year. This number was less than Wall Street’s expectations, and a loss of $ 21.35 billion.

After MUSK announces a large limit of time in DOGE, Daniel Eve from Securities Wedbush He responded positively and raised the price of Tesla to $ 350 per share.

However, not all analysts were optimistic about Tesla’s profits. Ross Jerber He expressed doubt about the increasing ambitious expectations of musk. It was called the worst performance that he seen in 11 years of covering the company.

Price work: Tesla shares have increased by 23.73 % over the past five days. However, despite this gain, the stock still decreases by 24.87 % Benzinga Pro.

According to Benzinga Edge’s shares classifications, Tesla currently has a growth degree of 45.57 %. Click here to see how you compare other companies in the sector.

Compliment image: Joshua Sukoff / Shutterstock.com

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Disintegration: This content was partially produced with the help of artificial intelligence tools and was reviewed and published by Beenzinga editors.