Tesla Stock Rises 6% as Musk Pledges Full Focus
Tesla (NASDAQ:TSLA) jumps nearly 6% after Elon Musk says he’ll be super focused on Tesla, X and xAI ahead of SpaceX’s Starship Flight 9 launch.
Musk blamed recent outagesone that shut X for thousands of users over the weekend and another data-center glitch earlier this weekfor highlighting the need to return to spending 24/7 on operations and redundancy fixes. Tesla’s stock strength follows Musk’s vow to scale back his political work with the U.S. Department of Government Efficiency and curb campaign donations after dedicating billions last cycle.
Pressure is rising: SpaceX has had two Starship failures this year, and Musk plans an all-hands livestream around tomorrow’s launch. Meanwhile, Tesla’s European sales slid 49% year-over-year in April to just 7,261 vehicles, underscoring growing competition and brand backlash over Musk’s politicized profile.
Investors should care because Musk’s renewed operational focus could shore up confidence across Tesla’s EV, software and energy segments while mitigating reputational risks tied to platform outages and political noise.
With the Starship liftoff slated for tomorrow evening, markets will watch closely for any spillover impact on Tesla shares and whether Musk’s renewed attention translates into smoother product rollouts.
This article first appeared on GuruFocus.