Elon Musk’s Leadership of the Department of Government Efficiency (DOGE) Sparks Protests and Tesla’s Stock Plummets
Elon Musk, after taking the role of special advisor to President Trump, has implemented sweeping reforms at the Department of Government Efficiency (DOGE) aimed at reducing federal government spending. However, his large-scale layoffs have drawn significant criticism, inciting protests across the United States and adversely affecting Tesla’s stock price.
After Xie Jinhe’s Pessimistic Remarks, Tesla’s Stock Surges 22%
In a recent social media post, Taiwan’s Caixin Media Chairman Xie Jinhe commented that, purely from a stock price perspective, Tesla had peaked when Trump won the election, reaching a high of $488.54 and a market capitalization of $1.573 trillion. Recently, it dropped to $217, with a market value of $699.1 billion, marking a maximum decline of 55.58%. He stated that Musk could be considered “the biggest loser in the global stock market this year.” However, following Xie’s remarks, Tesla’s stock, which had been performing poorly, skyrocketed on Friday, Monday, and Tuesday, climbing to $288. The cumulative increase over these three days exceeded 22%, prompting netizens to label Xie as Tesla’s strongest contrarian indicator, with comments like: “He is truly Tesla’s benefactor.”
On PTT, users praised Xie Jinhe’s predictive abilities, joking, “Looking bullish from the peak and bearish from the valley is you, Old Xie?” “It has to be Old Xie who saves Tesla,” “Eastern mysterious power,” “This is too uncanny,” “Old Xie is really amazing; every time he speaks, it immediately explodes.”
Some netizens noted that every time Tesla hit a low point and Xie Jinhe made negative comments, the stock would subsequently surge, stating, “Once is coincidence, twice is skill, three times or more is a miracle”:
- December 15, 2022: “Tesla’s stock price plummets, sales surpassed by BYD… Xie Jinhe: Chinese electric vehicles hold a ‘1 advantage,’ Tesla’s Shanghai factory is worrying.” By the end of the year, the stock price doubled, increasing by 109.7%.
- April 22, 2024: “Chinese electric vehicles are everywhere, advancing steadily. Xie Jinhe: Tesla may be doomed!” The stock price hit a bottom of $138, rising to $488 by year-end.
- March 22, 2025: “Musk faces multiple crises! Tesla’s stock price halved, market value evaporated by over 40%. Xie Jinhe warns: he could become a historical villain.” On March 24, it rebounded by 12%, and let’s see what happens next.
Xie Jinhe as a Contrarian Indicator in the Stock Market?
Besides Tesla, Xie Jinhe is often noted in Taiwan’s investment market for his predictions, which frequently oppose market trends, earning him the nickname “contrarian indicator.” His market experiences suggest that when he is bullish on a stock, the price often surprises with a decline; conversely, when he is bearish, the stock typically sees a robust rebound.
For instance, according to Stockfeel’s previous analysis, during July to September 2022, Warren Buffett made a significant investment in TSMC ADR, exceeding $4.1 billion, acquiring nearly 1.4% of shares, becoming TSMC’s fifth-largest shareholder. At that time, Xie Jinhe confidently stated, “Buffett never engages in short-term operations; once he buys TSMC, he will hold it for many years. This not only positively influences the future trend of the stock price but also significantly enhances Taiwan’s overall value.”
Unexpectedly, Buffett later sold over 86% of his TSMC ADR holdings in the fourth quarter of 2022, resulting in TSMC’s stock price plummeting more than 4% at that time.
This highlights Xie Jinhe’s remarkable accuracy as a “contrarian indicator.” However, despite this, the investment market is always unpredictable. Whether his market judgments are precise or not, his courage to express opinions and commitment to continuous learning serve as valuable lessons for us.
