Trump's endorsement of Tesla could harm its reputation
On Tuesday, President Donald Trump endorsed Tesla by announcing he bought a Model S during a White House event. This unusual promotion highlights Trump's close relationship with Elon Musk amid Tesla's financial struggles. Experts warn that Trump's support could harm Tesla's reputation, linking the brand to his controversial politics. Tesla's stock recently dropped 15% in one day and is down over 33% this year, with sales declining in key markets. Investors are frustrated with Musk's focus on other ventures, while sales figures continue to decline. Despite a slight recovery in stock price, concerns about Tesla's future remain amid rising anti-Musk sentiment.