Shares in Tesla Inc. recently traded nearly 2% higher, even as the S&P 500 index dipped, as Chief Executive Elon Musk said he planned to cut back on his political spending and declared that the car company’s sales are improving.

At the Qatar Economic Forum on Monday, a combative Elon Musk took on criticism about his role in the US government's controversial Department of Government Efficiency (DOGE) as well as his myriad business roles,

Munger’s wisdom applies especially to Musk, who’s acted as the EV maker’s biggest cheerleader since the disputed compensation package was struck back in 2018. And it’s a good reason why Tesla investors may continue to want Musk at the helm for many years yet.