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Elon Musk's Political Role and Tesla's Declining Stock Draw Scrutiny

President Trump defends Musk and Tesla as protests, market turmoil, and leadership concerns mount.

  • Tesla's stock has dropped by over 50% since December, with analysts citing Elon Musk's focus on his role in the Trump administration's Department of Government Efficiency (DOGE) as a contributing factor.
  • President Trump hosted a Tesla showcase on the White House lawn, purchasing a Model S to publicly support Musk and the company amidst protests and vandalism targeting Tesla dealerships.
  • Musk has faced criticism for his dual role as Tesla CEO and DOGE head, with analysts warning that his absence from Tesla operations is damaging the company's brand and investor confidence.
  • Trump has labeled acts of violence against Tesla dealerships as 'domestic terrorism' and pledged support for Musk's efforts in both government and business.
  • Economic uncertainty tied to Trump's tariff policies and the broader market decline has compounded Tesla's challenges, raising questions about Musk's ability to manage his responsibilities effectively.
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