Trump's White House Tesla Showcase Draws Criticism as Stock Rebounds

President Trump's endorsement of Tesla and Elon Musk sparks ethical concerns while giving the company's stock a temporary boost.

Tesla stock rose by 7% after President Trump publicly endorsed the company and inspected Tesla vehicles on the White House lawn.
Critics have raised ethical concerns over the White House event, likening it to a government-backed promotional campaign for a private company owned by a major Trump donor.
A Morgan Stanley survey found that 85% of respondents believe Elon Musk's political activities are negatively impacting Tesla, with concerns about declining vehicle deliveries in 2025.
Protests against Musk's political role and Tesla dealerships have intensified, prompting Trump to declare such demonstrations 'illegal' and acts of 'domestic terrorism.'
While some analysts remain optimistic about Tesla's long-term prospects, the company's stock has dropped 39% this year due to sluggish sales and customer alienation.