Tesla stock (NASDAQ: TSLA) has been under tremendous pressure as a result of CEO Elon Musk’s involvement in the United States Government and other factors, like tariffs and lower-than-expected delivery figures.

However, one analyst says that the concerns regarding Tesla’s short-term performance are “overblown”, considering all the things the company has in the works for the future.

Mickey Legg, an analyst for Benchmark, wrote in a note on Wednesday that much of the negative narrative that has hovered over Tesla shares for the past few months is exaggerated. Instead of looking at the near-term pullback on shares that has seen a 32 percent drop in share price since the beginning of the year, Legg is encouraging investors to look at the catalysts that lie ahead.

Legg wrote in the note to investors (via MarketWatch):

“We believe the recent stock pullback and sales declines, while significant, are overblown considering the near-term issues impacting the company and the scope of opportunities around the corner. After appreciating over 90% to a high of $488 after the Presidential election, the stock has pulled back to sub-$300 levels.”

The stock has felt immense pressure in the early portion of 2025, especially as some investors are questioning Musk’s focus on Tesla, with some arguing that his CEO role has seemingly taken a backseat to his responsibilities with the Department of Government Efficiency (DOGE).

Additionally, his capacity in the government has drawn some unwarranted criticism from some, resulting in vandalism and violence from his opposition.

However, Musk’s role with DOGE will eventually come to a close, and Legg is looking forward to that, as well as other catalysts that Tesla has announced in the past. For example, the company said it plans to launch affordable models in the first half of this year:

“Our focus is on the release of a new TSLA model in 2Q25, which in our view could turn around the recent decline in vehicle sales. Furthermore, we’re cautiously optimistic about the rollout of Tesla operated robotaxis as a paid service in Austin, TX scheduled for June. While the scope of the initial rollout is expected to be limited, we are focused on the rate of expansion of the operation both in Austin and to other cities.”

Legg finished by stating that he is under the impression that a reduced capacity in DOGE by Musk would be massive for the stock:

“Recent headlines suggest Musk could be reducing his role with the White House, and we can see political backlash diminishing as the year progresses. In our view there is significant potential for a stock rebound, and we believe the breadth of near-term opportunities outweigh headwinds.”

Tesla shares are up over 20 percent as of 3:22 p.m. on the East Coast.

Tesla CEO Elon Musk and former Vice Presidential candidate Tim Walz are continuing their war of words against one another as the Minnesota politician made more comments last evening.

Musk then responded to those comments today in a post on X.

Walz said last night that Musk is a “greedy bastard” who did not pay taxes after he became successful. The former VP hopeful also said that “people like Elon Musk” should be demonized:

“Once you become successful, don’t be a greedy bastard and not pay your taxes. I don’t think we should be the party that demonizes someone because they can afford something—they worked hard & got something. We should demonize people like Elon Musk. That’s different.”

Tim Walz on Elon Musk: “Once you become successful, don’t be a greedy bastard and not pay your taxes. I don’t think we should be the party that demonizes someone because they can afford something—they worked hard & got something. We should demonize people like Elon Musk. That’s… pic.twitter.com/uq5aV2XAxT

— Sawyer Merritt (@SawyerMerritt) April 9, 2025

These comments from Walz follow previous statements he made about Tesla stock, stating that when it goes down, he gets a boost. These comments were met with criticism from people in various sectors, including Shark Tank’s Kevin O’Leary, who is nicknamed “Mr. Wonderful.”

O’Leary called Walz out for hoping Tesla shares drop as they are a holding in the Minnesota Pension Fund. Walz said the comments were just a joke.

Musk chose to respond to Walz’s comments from last night this morning in a response to the above X post, calling him “a liar”:

Tim Walz is a liar

— Elon Musk (@elonmusk) April 9, 2025

Funny enough, Musk has not avoided paying his taxes. In fact, in 2021, he paid the largest single-year tax bill in American history, as he wrote a cheque to the IRS for $11 billion:

Elon Musk’s 2021 taxes equates to over $1.5 million for every day he’s been a US citizen

It is unclear why Walz continues to speak negatively about Musk, especially as it seems he is going out of his way to do so. More than likely, it is to continue pushback against Musk’s involvement with the Trump Administration.

Tesla is planning to build a new UFO-inspired Supercharger in the heart of Alien country — Roswell, New Mexico.

Back in 1947, a crash of debris led to rumors of an alleged crash of a UFO just 75 miles north of Roswell near Corona, New Mexico. The crash was officially noted as the recovery of a military balloon, but over the years, speculation persists that the “flying disc” many saw might have been extraterrestrials trying to make contact with Earth.

As a result of the 1947 crash, Roswell has adopted it and used it as the inspiration for much of its tourism. As Tesla is planning to build a Supercharger in the area, it is using the same sort of inspiration for the location, which will feature just eight charging stalls located under a CyberCanopy.

It was first spotted by MarcoRP, a noted Supercharger permit insider:

A new Supercharger is coming soon to Roswell, New Mexico!!

Tesla is currently planning a Cyber-UFO themed station at the Whataburger on N Main St.

The site will feature 8 charging stalls, located under a CyberCanopy with RGB fixtures and a 20.88kW solar array. pic.twitter.com/4BOyM1iuTx

— MarcoRP (@MarcoRPi1) April 2, 2025

Here are some better pictures of the design:

Tesla’s Head of Charging for North America, Max de Zegher, confirmed that the site will be inspired by the events near Roswell in 1947. He noted that Tesla “wants to build a few Superchargers cool enough to be worth of the trip itself.”

This will undoubtedly be one of those locations, and along with the Tesla Drive-in Diner Supercharger in Santa Monica, it seems the company could be moving toward some more unique designs for the future, making the charging experience more fun and interesting for owners:

We want to build a few Superchargers cool enough to be worthy of the trip itself. Wish we could have kept it under wraps for longer, but submittal was needed for Planning Approval. We can’t hide anything from @MarcoRPi1! 🙂 pic.twitter.com/X2WaKDd408

— Max de Zegher (@MdeZegher) April 2, 2025