$Tesla(TSLA.US)The political alliance and conflicts of interest between Trump and Musk have had a complex and far-reaching impact on Tesla. Based on the current situation and industry trends, the impact can be analyzed from the following three dimensions:

1. The short-term cost of political alliance: brand damage and market volatility

- A cliff-like decline in Tesla's sales and profits:

- Consumer boycotts triggered by political stance: Musk's public support for Trump and his leadership in the federal government's welfare cuts (DOGE plan) directly triggered a "Boycott Tesla" movement by global environmental and human rights organizations. In Q1 2025, Tesla's net profit plummeted by 71%, registrations in the German market dropped by 70% due to Musk's support for right-wing parties, and U.S. consumers' "definite purchase" intention fell from 22% (2022) to less than 8% (2024).

- Soaring supply chain costs: Trump demanded that automakers like Tesla "100% manufacture in the U.S." and imposed a 25% tariff on imported cars, forcing Tesla to restructure its supply chain. The factory shutdown caused by the Model Y upgrade further exacerbated delivery difficulties.

2. Tesla's stock volatility and capital trust crisis:

Musk's net worth shrank by $130 billion due to Tesla's stock price halving, with a single-day drop of over 15% in March 2025. Although Trump briefly boosted the stock price (up 5%) through a "White House car-buying show," institutions like UBS and Goldman Sachs still lowered their target prices, believing that weak demand is "difficult to reverse."