Trump's endorsement could harm Tesla's brand image

President Donald Trump recently endorsed Tesla and its CEO Elon Musk, praising the company during a press conference at the White House. This support briefly boosted Tesla's stock, which had fallen sharply the previous day. Experts caution that Trump's endorsement could harm Tesla's brand, associating it with political controversy. The company's stock has dropped significantly this year, affecting employee incentives and limiting fundraising opportunities for future expansion. Musk's involvement in Trump's government efficiency efforts has raised concerns about his focus on Tesla. The company faces increased competition and challenges, including recent issues with Musk's other ventures, such as SpaceX and X.