The relationship between Elon Musk and Donald Trump, once strong, now appears to be deteriorating, with potential consequences for Tesla. Following the U.S. presidential elections, where Musk openly supported Trump, Tesla found itself at the center of their political alliance. However, recent reports suggest that Trump may be reconsidering his support for the electric vehicle maker.
Musk’s leadership of the government efficiency department ended with limited success, failing to meet ambitious cost-cutting goals. His public criticism of Trump’s fiscal policies further strained their relationship. This rift could impact Tesla, particularly if proposed tax incentives for electric vehicles are reduced. Additionally, regulatory challenges could hinder Tesla’s plans for autonomous vehicles.
Tesla’s stock has suffered this year, with shares dropping significantly amid declining electric vehicle demand and Musk’s controversial political stances. Despite some recovery, the company faces ongoing challenges as it navigates both market pressures and political uncertainty.
— new from France 24