Tesla shares rise 3.8% after Trump's endorsement

cnn.com

Tesla shares rose 3.8% on Tuesday after President Donald Trump showcased the vehicles outside the White House. This comes as Tesla's stock has struggled, losing nearly 45% this year amid declining sales in Europe and political controversies surrounding CEO Elon Musk. During the event, Trump expressed support for Musk and announced he would buy a Tesla, including a Cybertruck for his granddaughter. He criticized boycotts against the company and labeled any violence against Tesla dealerships as domestic terrorism. Despite recent stock losses, some analysts remain optimistic about Tesla's future, viewing the current dip as a potential buying opportunity. They noted that only a small percentage of Tesla owners might reconsider their purchases due to Musk's political involvement.


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