Lovesac (NASDAQ:LOVE) Stock

LOVESAC CO/THE

Lovesac

The Lovesac Co designs, manufactures and sells alternative furniture which is comprised of modular couches called sactionals and premium foam beanbag chairs called sacs. It also offers other accessories such as sactional-specific drink holders, Footsac blankets, decorative pillows, fitted seat tables, and ottomans. Its products are sold across the United States through its website or company-owned retail stores which are used in homes and offices. The majority of the firm's revenue is derived from the sale of Sactionals.

Elon Musk announced the <a href="https://www.benzinga.com/news/politics/25/07/46265725/elon-musk-announces-formation-of-america-party-emerges-in-wake-of-donald-trumps-historic-spending-bill">launch of the American Party</a>, a rival political faction that could potentially unseat congressional and Senate candidates currently up for re-election or disrupt the 2028 presidential election.
Now, people are questioning whether the Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) CEO is preparing to run for office.
What Happened: Musk's formation of the American Party coincides with the billionaire being <a href="https://www.benzinga.com/news/politics/25/07/46210411/musk-third-party-odds-hit-47-can-the-tesla-chief-do-what-no-one-has-since-1853">at odds with </a>President Donald Trump and members of Congress over the so-called &#8220;Big Beautiful Bill.&#8221; The legislation, which Trump officially signed into law on July 4, is expected to <a href="https://www.benzinga.com/news/politics/25/07/46235830/trump-wants-rate-cuts-will-big-beautiful-bill-help-answer-big-fat-no">drastically increase America's debt</a>.
Polls conducted by Musk on the social media platform X have shown strong support for a third-party option.
The question "can Elon Musk run for president?" is seeing increased interest on <a href="https://trends.google.com/trends/explore?geo=US&amp;q=can%20elon%20musk%20be%20president&amp;hl=en">Google Trends</a>, ranking at a tie for its multi-year high with the week of the 2024 presidential election.
The answer is no, as Musk was born in South Africa — not the U.S. While Musk later became a U.S. citizen in 2002, that&#8217;s not enough to qualify as a viable presidential candidate. According to the U.S. Constitution, there are three main <a href="https://www.usa.gov/requirements-for-presidential-candidates">requirements</a>:
<ul class="wp-block-list">
<li>Be a natural-born citizen of the United States</li>
<li>Be at least 35 years of age</li>
<li>Been a resident of the United States for 14 years</li>
</ul>
Therefore, Musk can't declare candidacy for president of the United States or even be vice president. However, he could run for office in several other roles if he chooses.
The Constitution lays out <a href="https://constitution.congress.gov/browse/essay/artI-S2-C2-1/ALDE_00013371/">requirements </a>of age, citizenship and residency for running for the House of Representatives and Senate, but neither requires having been a natural-born citizen. Musk could currently run for either office based on becoming a citizen in 2002 and being over 30 years of age.
Musk could also run for governor of any state like Texas, where he resides, or California, where he previously called home. There have been several prominent governors who haven't been natural-born U.S. citizens, including actor Arnold Schwarzenegger (California), who was born in Austria.
Musk could also run for the Speaker of the House leadership role. His name was floated around last December, alongside Trump, as <a href="https://www.benzinga.com/politics/24/12/42599154/elon-musk-as-speaker-of-the-house-rand-paul-shows-support-says-people-would-lose-their-ever-lovin-minds">potential Speaker of the House candidates</a>. The Constitution does not specify that the Speaker must be a member of Congress, although all past leaders have been elected officials and members of the majority party.
Did You Know?
<ul class="wp-block-list">
<li>Congress Is Making Huge Investments. <a href="https://www.benzinga.com/gov-trades/?utm_source=BZprocontent070725">Get Tips On What They Bought And Sold With Our Easy-to-Use Tool</a></li>
</ul>
Why It's Important: Musk, despite being the world's richest person and one of the most influential people in the U.S., cannot run for president. Trump <a href="https://www.benzinga.com/news/24/12/42640044/trump-fires-back-at-critics-and-denies-ceding-presidency-to-elon-musk-and-im-safe-he-wasnt-born-in-this-country">reminded the media</a> of this last year when critics said he had ceded the presidency to the Tesla CEO.
"No, he's not going to be president, that I can tell you," Trump said. "And I'm safe. You know why? He can't be. He wasn't born in the country."
This is probably good news for Tesla shareholders. The company&#8217;s stock has been highly volatile ever since Musk became involved in politics. Musk running for president or becoming the country's leader would likely result in him stepping away from Tesla fully, and the company would need a new CEO.
Musk has not promised to back a third-party candidate running for president. Instead, he intends to support candidates in upcoming congressional races against those who voted in favor of Trump&#8217;s spending bill, which he called "<a href="https://www.benzinga.com/markets/25/07/46235672/trump-says-elon-musk-would-close-up-shop-and-head-back-home-to-south-africa-without-subsidies-no-mor">utterly insane and destructive</a>."
As Benzinga previously reported, a potential third-party push in a presidential election by Musk would face an uphill battle. After all, Democrats and Republicans have won every presidential election since 1852.
Times have changed since then. Musk&#8217;s ownership of X and his massive following could ignite a third-party movement — especially with the billions he could pour into an election. Whether he&#8217;s serious, or can reshape political history for the first time in more than 170 years, remains to be seen.
Read Next: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/news/politics/25/06/46168784/2028-election-poll-shows-vance-buttigieg-in-lead-where-trump-newsom-harris-rank-and-betting-odds">2028 Election Poll Shows Vance, Buttigieg In Lead: Where Trump, Newsom, Harris Rank — And Betting Odds</a></li>
</ul>
Image: Shutterstock

Education

Politics

General

TSLA

Can Elon Musk Run For President — Or Even Be Speaker Of The House?

Keybanc analyst Jason Celino maintains PTC (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PTC#NASDAQ">PTC</a>) with a Overweight and raises the price target from $185 to $192.

News

Price Target

Analyst Ratings

Keybanc Maintains Overweight on PTC, Raises Price Target to $192

Management

FELE

Franklin Electric Appoints Jennifer Wolfenbarger As CFO

Keybanc analyst Jason Celino maintains Bentley Systems (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BSY#NASDAQ">BSY</a>) with a Overweight and raises the price target from $56 to $59.

Keybanc Maintains Overweight on Bentley Systems, Raises Price Target to $59

Keybanc analyst Michael Leshock initiates coverage on Voyager Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VOYG#NYSE">VOYG</a>) with a Overweight rating and announces Price Target of $50.

Initiation

VOYG

Keybanc Initiates Coverage On Voyager Technologies with Overweight Rating, Announces Price Target of $50

HC Wainwright &amp; Co. analyst Emily Bodnar maintains Jasper Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JSPR#NASDAQ">JSPR</a>) with a Buy and lowers the price target from $40 to $20.

Jasper Therapeutics, Inc. - Class A Common Stock

JSPR

HC Wainwright & Co. Maintains Buy on Jasper Therapeutics, Lowers Price Target to $20

Offerings

GAME

GameSquare Reveals Proposed Public Offering of Common Stock; Size Not Disclosed

<a href="https://truthsocial.com/@realDonaldTrump/posts/114813877378281211" title="https://truthsocial.com/@realDonaldTrump/posts/114813877378281211">https://truthsocial.com/@realDonaldTrump/posts/114813877378281211</a>

Macro Economic Events

Economics

President Trump Says U.S. Will Impose 36% Tariff On Thailand

Carpenter Tech (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRS#NYSE">CRS</a>) has outperformed the market over the past 20 years by 3.68% on an annualized basis producing an average annual return of 12.12%. Currently, Carpenter Tech has a market capitalization of $13.97 billion. 
Buying $1000 In CRS: If an investor had bought $1000 of CRS stock 20 years ago, it would be worth $9,784.94 today based on a price of $280.73 for CRS at the time of writing.
<h3>Carpenter Tech's Performance Over Last 20 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1751921113_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Trading Ideas

Here's How Much $1000 Invested In Carpenter Tech 20 Years Ago Would Be Worth Today

HC Wainwright &amp; Co. analyst Heiko Ihle maintains Northern Dynasty Minerals (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/NAK#AMEX">NAK</a>) with a Buy and raises the price target from $1.3 to $2.5.

HC Wainwright & Co. Maintains Buy on Northern Dynasty Minerals, Raises Price Target to $2.5

<a href="https://truthsocial.com/@realDonaldTrump/114813871213779514">https://truthsocial.com/@realDonaldTrump/114813871213779514</a>

Macro Notification

President Trump Says U.S. Will Impose 36% Tariff On Cambodia

<a href="https://truthsocial.com/@realDonaldTrump/posts/114813868233643692" title="https://truthsocial.com/@realDonaldTrump/posts/114813868233643692">https://truthsocial.com/@realDonaldTrump/posts/114813868233643692</a>

Government

President Trump Says U.S. Will Impose A 35% Tariff On Serbia

<a href="https://truthsocial.com/@realDonaldTrump/114813866366780377">https://truthsocial.com/@realDonaldTrump/114813866366780377</a>

President Trump Says U.S. Will Impose 35% Tariff On Bangladesh

<a href="https://truthsocial.com/@realDonaldTrump/posts/114813864598173973" title="https://truthsocial.com/@realDonaldTrump/posts/114813864598173973">https://truthsocial.com/@realDonaldTrump/posts/114813864598173973</a>

President Trump Says U.S. Will Impose 32% Tariff On Indonesia

HC Wainwright &amp; Co. analyst Scott Buck maintains Intrusion (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTZ#NASDAQ">INTZ</a>) with a Neutral and raises the price target from $1.5 to $2.5.

INTZ

HC Wainwright & Co. Maintains Neutral on Intrusion, Raises Price Target to $2.5

<a href="https://truthsocial.com/@realDonaldTrump/posts/114813863196329189">https://truthsocial.com/@realDonaldTrump/posts/114813863196329189</a>

President Trump Says U.S. Will Impose 30% Tariff On Bosnia and Herzegovina

HC Wainwright &amp; Co. analyst Swayampakula Ramakanth assumes Aethlon Medical (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AEMD#NASDAQ">AEMD</a>) with a Neutral rating and announces Price Target of $1.5.

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