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ROTH MKM Senior Research Analyst Craig Irwin joins Catalysts to discuss tech billionaire Elon Musk's political involvement and its potential impact on Tesla (TSLA) stock.
"Musk is up to big things," Irwin states regarding Musk's Capitol Hill activities leading the Department of Government Efficiency (DOGE), adding he is "working to try and make a difference for the entire American economy."
Irwin suggests that if Musk succeeds in these efforts, it could lead to lower taxes and enhanced economic growth, all while improving "his status" and "his overall affection from the public."
Regarding Tesla's stock performance, Irwin acknowledges "there's definitely gonna be a tug of war" for the EV maker.
"Let's all pray and hope that he's [Musk] really successful in what he's aiming to do because it'll really impact the broader economy and obviously the lives of everyday Americans," Irwin concludes.
To watch more expert insights and analysis on the latest market action, check out more Catalysts here.
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This post was written by Angel Smith