Archive · 24 Jul 2025
Trump Supports Tesla Amid Stock Decline, Citing Future Potential
Former President Trump showed public support for Elon Musk's car company, Tesla, after their previous disagreements.
Tesla's stock went down because the company didn't make as much money recently and expects a difficult time ahead.
Trump previously threatened to hurt Musk's businesses, but now wants them to succeed.
Tesla's sales and profits decreased.
The company is working on self-driving cars and robots, but these aren't making much money yet.
Tesla is losing some government benefits.
Musk said that Tesla's future is in autonomous driving.
Tesla plans to offer robotaxi services soon.
Former President Trump expressed support for Elon Musk's Tesla on social media.
Tesla's stock dropped after reporting poor financial results and warnings of upcoming 'rough quarters'.
Trump's support contradicts past criticism and threats to Musk's businesses.
Tesla's revenue fell by 12% and profit dropped by 16% in the recent quarter.
Musk anticipates a shift towards self-driving cars and humanoid robotics, though those are not yet profitable.
- Who
- Donald Trump and Elon Musk, regarding Tesla's financial performance.
- What
- Former President Trump offered public support to Tesla.
- When
- Thursday, July 24 (Based on the provided text).
- Where
- Trump's post was on Truth Social; Tesla operates in the USA.
- Why
- Trump expressed support, despite previous conflicts, while Tesla faced financial struggles.
Elon Musk/Tesla's Perspective
Donald Trump's Perspective
Government aid impact
Elon Musk/Tesla's Perspective
Loss of government incentives and tariffs will hurt company financially.
Donald Trump's Perspective
Government should not provide large-scale subsidies and tax breaks.
- Stock Drop
- Around 9% midday
- Revenue Decline
- 12% in the April-June quarter
- Profit Drop
- 16% in the April-June quarter
- Tesla Robotaxi Service
- Rollout began in Austin, Texas in June
- Upcoming Quarters
- Musk anticipates a few 'rough quarters'