Christopher Tsai retains faith in carmaker’s earnings potential despite backlash that has seen its shares take a hitA devoted investor in Elon Musk’s Tesla – and once a close childhood friend of the US president’s eldest son and namesake – says he hopes the world’s richest man’s role in cutting federal spending for Donald Trump’s administration is “short-lived” and that he returns to managing his businesses.Investment manager Christopher Tsai, whose firm has tens of millions of dollars tied up in Tesla, said the stock market had demonstrated clear signs of displeasure with Musk’s activities at the so-called department of government efficiency. And, in an interview with the Guardian, Tsai said: “I hope his involvement with [Doge] is short-lived so he can spend even more time on his businesses.” Continue reading...
Tesla investor Christopher Tsai hopes Elon Musk's government involvement and work with Doge are short-lived so Musk can focus on his businesses. Tsai Capital, which holds a significant Tesla stake, has profited considerably from its investment since 2020, and Tsai remains confident in Tesla's long-term value despite recent stock dips and Musk's controversial role in government and the dismantling of various services.
