Trump's support is both good and bad for Tesla.
Reading
Donald Trump showed support for Elon Musk and Tesla. This caused Tesla's stock price to go up after it had gone down. However, some experts think that Trump's support might actually hurt Tesla in the long run.
Tesla's stock has been going down because of competition and because people are upset with Musk's connection to Trump. Some people are even putting stickers on their Teslas that say they bought them before Musk started supporting Trump.
The lower stock price is a problem for Tesla employees who were offered a discount to buy shares. It's also a problem because Tesla might not be able to raise as much money by selling new shares.
Musk is also in charge of cutting government spending, which is making some Tesla investors worried that he's too busy. Some of Musk's other companies, like X and SpaceX, have also had problems recently.
Musk's social media platform X crashed, and he said it was because of a cyberattack. Also, one of SpaceX's rockets exploded a couple of months after another one failed.
Questions
Why did Tesla's stock price go up?
Tesla's stock price went up because Donald Trump showed support for Elon Musk and Tesla.
What are some reasons Tesla's stock has been going down?
Tesla's stock has been going down because of competition and because people are upset with Musk's connection to Trump.
What problems are Tesla employees facing due to the lower stock price?
Tesla employees are facing problems because the lower stock price affects their ability to buy shares at a discount and makes it harder for Tesla to raise money by selling new shares.
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