The AI predicts a pump in Tesla stocks after Trump’s victory.

After Trump’s victory, according to the AI, with the billionaire Elon Musk at the head of the so-called D.O.G.E., it could push TSLA (Tesla) stocks in a bull direction.

The rise of Musk in American politics

According to the latest AI news, Elon Musk and his car company Tesla might take a plunge into politics alongside Donald Trump.

The electric car magnate was indeed one of the major financiers of the electoral campaign of the Tycoon, having offered a sum of 119 million dollars.

This favor, which among other things has yielded a good 13 billion in profits given the rise in financial holdings of Musk, could soon be reciprocated.

Trump himself publicly revealed Musk’s commitment to supporting the Republican party, hinting at his possible entry into the White House.

It is not yet clear if Musk will take on a formal role in Trump’s administration, but some reports suggest that he might be involved in advisory sections.

In particular, the role planned for the head of Tesla would be that of head of the DOGE department, acronym for “Department of Government Efficiency”

Although in this case we are not talking about Musk’s favorite memecoin, it is clear that the billionaire could also take a significant position here.

It is in fact a Department tasked with efficiently managing the budgeting and financial duties of the United States.

In one of his recent interviews, Musk shared how he can easily eliminate $2 trillion from the budget to ensure the smooth functioning of the American economy.

The same character then had fun with AI to joke about the possible political assignment, recalling the famous white sink introduced in the Twitter house.

AI predicts a rise on the horizon for Tesla (TSLA) stocks

According to the interpretation of the AI, the potential debut of Elon Musk in the White House could trigger a bull trend on Tesla (TSLA) stock.

Needless to say, this privileged position could raise doubts regarding the legitimacy of the appointment and the possible conflict of interest that one would face.

In any case, we cannot know if the billionaire will actually be placed alongside Donald Trump without any possible limitations.

On the other hand, as mentioned, the head of Tesla has taken on a key role in the latest elections and deserves due visibility at the center of the republican party.

We do not yet know what Musk might have in mind at this moment and if the future participation of DOGE will reflect positively on his assets.

Obviously, investors can only think positively, given that now even Twitter will enjoy maximum freedom of expression in the United States.

For the automotive world, the future plans of the billionaire are still unknown, but we know for certain that he will know exactly what to do in case of entering politics.

His cabinet role can help bring about significant policy changes, which could help SpaceX and Tesla meet a rapid growth of ecosystems.

According to AI, Tesla stock could reach a new high of $350, as Musk’s involvement with the government might favor innovation and change. The TSLA price could also reach $400-$450 in the long term if Musk continues to leverage momentum and initiate political advantages that help to intensify Tesla’s value propositions.

We also remember that Musk’s rise in politics could have a significant impact not only on Tesla, but also on the entire cryptocurrency ecosystem and blockchain. Musk is known for his interest in this sector, and his presence could stimulate mainstream adoption and innovation.

Technical analysis of Tesla stock (TSLA)

According to the AI, the speculative future of Tesla could be marked by a bull trend if Musk were to enter the scene in U.S. politics.

To tell the truth, however, the technical analysis of the stock listed on the Nasdaq suggests a bullish price action already at this moment.

Cabinet or not, Tesla is already heading in the right direction to go and attack the historical highs, with a weekly performance of +19%.

The prices have risen close to 300 dollars in the last week, involving a resistance that in the past has often characterized the trend of the action.

Now TSLA shows a bullish chart pattern, with the prices recovering the ground lost in previous years from April 2024 onwards.

The EMA50 on the weekly time frame acts as a solid support against the bearish incursions of the bear and the RSI is in the neutral zone.

The market volumes are sufficient to confirm the validity of the latest upward movement, driven by the euphoria for the election results.

In the coming weeks, we expect an attack on the 320-dollar zone, with a subsequent retest before the actual bull start.

In any case, the MACD indicator suggests that we might see an immediate continuation of the consolidation phase, with a slight bearish trend.

Attention in this case not to lose the level of 250 dollars to remain within a positive price outlook for Tesla.