Trump says he wants Musk to ‘thrive’ as Tesla stock plunges

Despite a previous public feud, Trump publicly supported Elon Musk and Tesla on social media, expressing a desire for their success. This came after Tesla reported disappointing financial results, including decreased revenue and profit. Tesla's stock price fell significantly following the report. Musk's involvement in right-wing politics and increased competition negatively impacted Tesla's sales. Investor concerns stemmed from Trump's past threats to retaliate against Musk by removing government support for his companies. Trump's recent statement contradicts these previous threats, prioritizing the success of American businesses. Tesla faces challenges due to the loss of EV tax credits and increased tariffs. Musk criticized the budget bill as detrimental to the US economy and expressed plans to potentially create a new political party. Tesla anticipates a challenging period but expects improved profitability with the expansion of its robotaxi service. Musk projects widespread robotaxi availability by the end of next year.