President Donald Trump expressed his support for Tesla CEO Elon Musk following a significant drop in Tesla’s stock value, which has declined by 45% in 2025. Trump vowed to purchase one of Musk’s cars amid Tesla’s struggles against competition from Chinese electric vehicles and association with right-wing causes. Musk’s close ties to Trump and other far-right figures have led to protests and vandalism at Tesla showrooms in the U.S.

Analysts attribute Tesla’s stock decline to Musk’s political affiliations, which have alienated potential buyers. The company experienced a global sales decline, particularly in key markets like California, Europe, and China, where competition and political division have impacted sales. UBS Global Research forecasts a 5% drop in deliveries for Tesla in the first quarter of 2025 compared to the previous year.

Musk’s involvement in right-wing politics, including support for fringe parties in Germany and controversial remarks about world leaders, has further complicated Tesla’s image. Additionally, Musk’s other ventures, such as the X social media platform and SpaceX, have faced challenges, including cyberattacks and rocket failures.

The article highlights how Musk’s political stance and actions have influenced Tesla’s sales, stock performance, and overall public perception, raising concerns about the company’s future amidst a changing market landscape and political climate.