According to Politico, President Trump has told advisors that Elon Musk is close to completing his work at the Department of Government Efficiency (DOGE), where the Tesla (TSLA) CEO’s role as the face of wide-ranging federal budget cuts has only further cemented his status as a deeply polarizing figure. That would allow Musk to refocus on his businesses, including Tesla - which reported a disappointing set of first-quarter delivery numbers today.
While the White House dismissed Politico’s reporting as “garbage,” investors are taking the news to heart today, with multiple DOGE stocks moving on the headline - particularly after Musk himself recently described his government role as a “very expensive job” due to the negative fallout around Tesla. Here’s a quick look at three stocks on the rise.
Stock #1. Tesla (TSLA), up +4.0%
Despite Tesla reporting its worst quarterly deliveries since 2022 with a 13% decline, TSLA stock has erased early losses to gain more than 4% this afternoon. Along with optimism over a potential endpoint to the CEO’s controversial political role, quite a bit of negative news has already been priced in following the stock's 42% decline from its December highs.
While Tesla delivered only 336,681 vehicles versus expectations of 365,000 at the low end, the company's caveat about Model Y production line changes seems to have provided some comfort to bulls who may see this as a temporary setback rather than a structural problem. Additionally, the stock's strong bounce from deeply oversold conditions indicates that many investors believe the recent selling has been excessive, particularly given Tesla's still-dominant position in the global EV market - despite growing competition from companies like BYD (BYDDY).
While even longtime TSLA stock bull Dan Ives of Wedbush called the Q1 Tesla deliveries report “a disaster on every metric,” today's rally suggests that market participants may be focusing more on the company's long-term potential rather than near-term headwinds.
Stock #2. Intuitive Machines (LUNR), up +8.3%
SpaceX competitor Intuitive Machines (LUNR) is rallying today alongside names like Rocket Lab (RKLB), which is up more than 4%. Intuitive Machines recently missed Q4 2024 earnings expectations, but investors appear encouraged by the company's upbeat EBITDA guidance and significantly improved cash position, which reached $385 million in early 2025.
While LUNR’s decreased cash burn rate and a substantial $4.8 billion NASA contract for moon-Earth communications bodes well for the space company’s long-term viability, the growth stock is still a riskier play that’s prone to volatility in the near term.
Stock #3. CACI International (CACI), up +6.0%
IT defense contractor CACI International (CACI) is set for its biggest daily gain in nearly a month. Secretary of Defense Pete Hegseth recently announced DOGE-related cuts at the Pentagon impacting IT contractors, and CACI has significant contracts with the Department of Defense that account for approximately 74% of their revenue.
This article was generated with the support of AI and reviewed by an editor. On the date of publication, the editor did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
