Tesla CEO Elon Musk spoke of the press as US President Donald Trump, as he is standing next to a Tesla vehicle on South Portico of White House in Washington, White House on March 11, 2025.
Mandel Nagan | AFP | Getty images
Tesla The stocks rebound for a second straight day on Wednesday, when Stock recorded the worst day since 2020 a week.
At an increase of 3.8% from Tuesday, the stocks were up to 6%.
Electric vehicle stock for its worst season since September 2020 fell 15.4% on Monday as investors sold popular technology shares and markets on the possibility of growing recession and tariff uncertainty. The move pushed Nasdaq to its worst day since 2022 and erased $ 750 billion in the market price between technical megacaps.
Tesla has reduced the market price by more than 40% in recent weeks since President Donald Trump took over. In the post -election Trump’s trade, shares said at stake that CEO Elon Musk’s close relationship with the President of the President would benefit the company.
Since the inauguration of Trump, Musk has become a major face of the new White House Administration and the President’s close advisor as it looks at the government spending, leading the government’s skills to lead the department. Trump also said that on Tuesday he plans to buy a Tesla in support.
At the same time, Tesla has dealt with brand erosion arising out of political rhetoric that set fire to his social media platform X. The stage faced several outage on Monday. Meanwhile, Musk’s aerospace and defense company SpaceX is currently investigating two Test flight blasts.
The electric vehicle company itself faces a difficult bar on Wall Street, in which analysts have worried about growing competition and basic things. Tariff concerns have only added fuel to the fire as a possible trade war threatens two major suppliers markets. This pushed the company to its longest weekly losing streak in its 15 -year public market history.
Tesla shares have fallen by about 40% since the beginning of 2025.
– CNBC’s Lura Copanny contributed to reporting.
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