President Donald Trump said that he plans to speak with Elon Musk about restoring internet access in Iran, where the government has imposed a near-total internet blackout during widespread anti-government protests. Indeed, Trump told reporters in Washington that Musk is well-suited to help because of his experience running large satellite networks. He pointed to Musk’s company SpaceX and its Starlink satellite internet service as a possible solution, saying that Musk has “a very good company” that could bring connectivity back to the country.
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Iran’s shutdown has made it extremely difficult for people to communicate and share information as protests have spread across the country. In the past, Starlink has been used in Iran during similar periods of unrest, which has allowed some users to bypass government restrictions and access the global internet. While neither Musk nor SpaceX has commented on Trump’s latest statement, Musk has previously provided Starlink access in Iran during periods of protest.
At the same time, Trump’s comments come as his relationship with Musk has recently improved after a public disagreement last year over domestic policy. The two have recently appeared together again, including at Trump’s Mar-a-Lago resort. Nevertheless, the blackout in Iran has caused international concern, with rights groups estimating hundreds of deaths and thousands of arrests, although exact numbers are hard to confirm because communication inside the country remains heavily restricted.
What Is the Prediction for TSLA Stock?
When it comes to Elon Musk’s companies, most of them are privately held. However, retail investors can invest in his most popular company, Tesla (TSLA). Turning to Wall Street, analysts have a Hold consensus rating on TSLA stock based on 13 Buys, 10 Holds, and seven Sells assigned in the past three months, as indicated by the graphic below. Furthermore, the average TSLA price target of $405.94 per share implies 10.2% downside risk.
