Will Tesla’s Stock Surge Again? Musk and Trump Spotted Together After Nearly Four Months
After nearly four months apart, Tesla CEO Elon Musk and President Donald Trump were seen together again.
On Sunday, thousands gathered at Arizona’s State Farm Stadium to mourn conservative activist Charlie Kirk, who was recently killed. Musk and Trump were among them, briefly sitting side by side, chatting, and shaking hands before Musk switched seats.
With Tesla’s stock on a tear lately, could this meet hint at something bigger?
The Rocky Road of Musk and Trump
It all started with the 2024 U.S. presidential election.
Musk was a loud supporter of Trump, throwing his weight around in swing states like Pennsylvania with a bold move: giving away $1 million daily to a random voter signing his petition.
Reports say Musk donated nearly $300 million to Trump’s campaign in 2024. Beyond cash, he used his social media platform X to boost Trump’s message, playing a huge role in his election win.
In January 2025, Musk attended Trump’s inauguration and later joined the White House as an unpaid advisor, labeled a “special government employee” and “senior presidential advisor” without formal cabinet power.
But the good vibes didn’t last. Things blew up when Trump pushed his “Big and Beautiful” tax reform bill, sparking a public feud.
On May 22, the House, with a slim Republican majority, passed Trump’s massive tax and spending plan. It slashed social programs like healthcare, food aid, education, and clean energy while boosting military and border security funding, allowing more federal borrowing. Musk saw it as a hit to future industries and slammed it hard.
The clash went public fast. In early June, Musk fired off posts on social media, calling the bill “absurd” and “sickening,” warning it would skyrocket the deficit and saddle the U.S. with debt. On June 4, he urged Americans to call their lawmakers to “kill” the bill, saying, “Bankrupting America is wrong.”
On June 5, Trump hit back, saying he wasn’t sure he could stay on good terms with Musk and was “very disappointed.” He claimed Musk knew the bill’s details, had no issues, then flipped at the last second.
Musk shot back on social media: “Dead wrong. I was never shown this bill, and it was rushed through in the middle of the night!” The back-and-forth fueled a rough patch for Tesla’s stock, which tanked during this period.
Tesla’s Stock Comeback
Early 2025 saw Tesla’s stock in free fall, with market doubts hitting a peak.
On the surface, slumping deliveries were the spark—weak sales in key markets made investors question growth.
But the real issue was Musk’s political entanglements, which tarnished Tesla’s brand. His vocal support for far-right rhetoric and cozy ties with the Trump administration clashed with Tesla’s “tech, green, inclusive” image.
A North American survey found many consumers skipped Tesla purchases over Musk’s political stances, especially in blue states like California and New York.
Worse, the political drama triggered policy headaches: the U.S. axed some EV subsidies, and the EU launched a tariff probe over “carbon footprint” issues, hammering Tesla’s margins.
Add to that the EV industry’s cyclical slowdown and tougher competition. Rivals like BYD, Volkswagen, and Geely, with local production, wider price ranges ($15,000-$45,000), and better cost control, squeezed Tesla’s premium pricing edge.
But by Q2, things started turning around.
Musk dialed back on Trump ties and political noise, while throwing support behind Democrat-led green energy bills, helping restart U.S. EV subsidy talks and easing brand backlash.
Tesla’s tech pipeline also kicked into gear: Optimus robots landed trial orders from Toyota and Foxconn, and Full Self-Driving (FSD) went fully autonomous in California.
This reminded investors that, despite political and industry noise, Tesla is the only company disrupting autos, energy, and robotics with unmatched battery tech, driving algorithms, and supercomputing power—barriers rivals can’t easily cross.
The market loves a good plot twist, and Tesla’s 2025 stock rebound is one for the books.
From “everyone’s bearish” in early 2025 to a mid-year comeback and positive returns, this months-long valuation fight was reset by Musk’s $1 billion personal stock buy.
Some say confidence in tech is worth more than gold, and Musk knows how to pour real money into it.
While other CEOs spin stories in earnings calls, this Silicon Valley wild card bets his own wealth to back Tesla’s value—no speculative dips, no chasing highs, just faith in the company’s mid-term potential.
Tesla’s story isn’t just about cars.
While legacy automakers obsess over range, Musk’s steering toward AI and robotics—self-driving tech keeps advancing, humanoid robots are nearing production, and Tesla’s betting its future on its AI ecosystem.
This isn’t a carmaker pivot; it’s using cars as a battering ram to charge into the AI battlefield.
And I think this thawing of Musk-Trump tensions could be jet fuel for Tesla’s climbing stock, maybe even pushing it past old highs.