In a remarkable shift in perspective, Errol Musk, the father of Elon Musk, CEO of Tesla and SpaceX, has publicly come to his son’s defense amidst a wave of criticism, economic boycotts, and ongoing protests targeting Tesla Inc. During a week marked by media attention and declining stock values, the elder Musk’s support introduces an unexpected element to the situation, particularly considering his previous criticisms of Elon’s personal decisions.
Just two months ago, Errol openly criticized his son’s parenting and lifestyle choices on the Wide Awake podcast, but he has since adopted a markedly different stance. In a series of interviews over the past week, he has defended Elon’s contentious role in a U.S. government efficiency initiative and even predicted a positive turnaround for Tesla, confidently asserting that the company’s stock will rebound to $600 per share, resulting in a market capitalization of approximately $600 billion by the end of 2025.
With Tesla shares currently priced at $254, having fallen nearly 9% in the last month, such optimism may appear unwarranted. However, for Errol Musk, this is not merely a matter of financial forecasting; it represents a personal affirmation.
Tesla has faced significant challenges in recent weeks, largely due to Elon Musk’s prominent position in the Department of Government Efficiency (DOGE), a federal agency established during the Trump administration aimed at optimizing government expenditures. His involvement in DOGE has drawn both commendation and severe criticism, with detractors accusing him of jeopardizing vital federal programs for the sake of budget cuts.
