Trump’s Tesla Endorsement Highlights Musk's Mounting Challenges

President Donald Trump’s public support for Tesla aims to counter protests and financial struggles linked to Elon Musk's controversial role in government.

Donald Trump hosted a White House event promoting Tesla, positioning it as a show of support for Elon Musk amid financial and reputational struggles.
Tesla’s stock has dropped over 33% this year, with steep declines in sales in Europe, China, and the U.S., as protests and vandalism target the brand over Musk's government role.
Musk’s leadership of the Department of Government Efficiency (DOGE) has drawn widespread criticism for drastic federal cuts, alienating Americans and Tesla's progressive customer base.
Critics argue that Musk’s close ties to Trump and his political alignment with right-wing ideologies are damaging Tesla’s brand and alienating investors.
While Tesla's stock saw a brief recovery after Trump’s endorsement, analysts warn that Musk’s focus on politics over his businesses could have lasting negative impacts.