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Elon Musk Says He Plans to Spend More Time at Tesla

1. Elon Musk plans to dedicate more time to Tesla soon. 2. Musk's government involvement raised concerns about his commitment to Tesla. 3. TSLA stock rose 4.8% in late trading following Musk's announcement. 4. Tesla's auto business saw a revenue decline in Q1 this year. 5. Musk will balance Tesla work with limited government responsibilities.

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FAQ

Why Bullish?

Musk's increased time commitment could boost investor confidence, reminiscent of Apple's leadership transitions positively impacting stock prices.

How important is it?

Musk’s involvement is critical for TSLA's strategic direction and brand perception.

Why Short Term?

Investors may react quickly to Musk's announcement, similar to past earnings reports impacting TSLA stock short-term.

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