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Elon Musk's DOGE Targets $2 Trillion in Cuts. Does He Still Believe It? - Barron's

1. Musk aims to cut $2 trillion from federal budget spending. 2. Current federal budget deficit is around $2 trillion annually. 3. Musk's initiative may free up the economy and avoid inflation. 4. Interest lies in reducing government costs through technology. 5. Analysts maintain a 'Buy' rating on TSLA amid Musk's plans.

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FAQ

Why Bullish?

Musk's efficiency plans may enhance investor confidence in TSLA, similar to prior initiatives by tech leaders that improved stock performance.

How important is it?

Musk's strategies and their potential economic impact can significantly influence TSLA's stock performance.

Why Long Term?

If successful, the budget cuts could positively influence the economy over time, indirectly benefiting TSLA.

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