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Trump has started forming his cabinet, issuing a bunch of offers! Musk will lead the new "Department of Government Efficiency," nominating a television host as the Secretary of Defense.
President-elect Trump announced a series of appointments on Tuesday, local time, including appointing Fox News host Pete Hegseth as Secretary of Defense, Republican lawyer Bill McKinley as White House legal advisor, John Ratcliffe as Director of the Central Intelligence Agency, and Congressman Mike Waltz as National Security Advisor. In addition, Trump stated that Elon Musk and Vivek Ramaswamy will lead the new 'Government Efficiency Department'.
Will Tesla continue to party in 'Trump 2.0'? Goldman Sachs cheers: could rise to $500!
Morgan Stanley analysts predict that if Tesla expands its business beyond autos, and Musk demonstrates new political power in the era of 'Trump 2.0', Tesla's stock price may rise to $500 per share, an increase of about 52.2% from the current level. Goldman Sachs believes that Tesla's autonomous driving capabilities may become the 'key' to its transformation into an ai giant, and Musk's political influence may help Tesla surpass auto manufacturers in the process.
Here comes Minister Ma!
Elon Musk will be one of the leaders of the "Government Efficiency Department" (DOGE) plan proposed by Trump, and this work will be completed by July 4, 2026. Trump previously expressed his hope that Musk could assist in cutting government costs by $2 trillion, which means about one-third of the total cost. After acquiring Twitter in 2022, Musk made bold cuts by 80%.
MARA Holdings, SoundHound AI, Spotify, Rivian, Tesla: Why These 5 Stocks Are On Investors' Radars Today
Futu Morning Post | Fed 'hawkish': interest rate cuts will only stop in December if unexpected inflation appears; Blue chips party night! Shopify soared more than 21%, sea rose more than 10%, stock prices hit a new two-and-a-half-year high.
The Federal Reserve: The one-year inflation expectation for October in the usa fell to a four-year low, Netflix rose nearly 2% to hit a record high, with 70 million monthly active users on the ad-supported subscription plan, labor market expectations are improving.
Express News | "SpaceX competitor" Rocket Lab's Q3 revenue increased by 55% year-on-year, Neutron rocket signed multiple launch service agreements with customers.