Trump supports Musk; Tesla shares slightly rebound

channelnewsasia.com

Tesla shares rebounded on Tuesday after a significant drop on Monday. The company has lost over one-third of its market value since mid-December, partly due to CEO Elon Musk's political ties with Donald Trump. Sales of Tesla vehicles have sharply declined in Europe, particularly in Germany, where they fell by more than 76% in February. This drop follows Musk's support for far-right groups during recent elections. Additionally, Tesla faced vandalism in the U.S. and a cyberattack on Musk's X platform. The company is navigating challenges amid uncertainty over Trump's import tariffs and other threats.


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