Elon Musk’s DOGE Project Could Weigh on Tesla Vehicle Sales: Stifel Stock Analyst

• Elon Musk’s work cutting costs for the US government may impact Tesla vehicle sales, an analyst warned.
• Stifel said that consumers’ perceptions of Musk have soured.
• Government policies toward EVs could further challenge Tesla’s market position.

Elon Musk’s efforts to slash spending at the US government could start to weigh on Tesla vehicle sales, according to Stephen Gengaro, a research analyst at Stifel.