Submission + - Trump's efforts to help Tesla could hurt it instead (apnews.com)
Jasie writes: Tesla investors cheered Tuesday as Trump came to the defense of Musk’s beleaguered and boycotted carmaker by lavishing the Tesla CEO with praise in a press conference as five Teslas lined up in the White House driveway. Trump called Musk a “patriot” and announced that he had even bought one of his cars — a show of support that may have helped Tesla stock close higher for the day after a plunge a day earlier.
But experts warn the unusual presidential backing of a private company could backfire.
But experts warn the unusual presidential backing of a private company could backfire.
