$Tesla(TSLA.US)

Although Trump and Musk appeared together again, this is unlikely to reverse Tesla's downward trend, and the outlook remains bearish.

Historically, their relationship has been volatile, and previous escalations of conflict have led to significant drops in Tesla's stock price, such as the sharp decline in July due to disputes over the "Big and Beautiful" bill.

This reunion does not guarantee that conflicts won’t arise again, and investor confidence in Tesla remains shaky.

Tesla also faces serious operational challenges.

Global sales continue to decline, with competitors eroding market share in key regions like China and Europe. In China, Tesla faces fierce competition from rivals like BYD. Additionally, Tesla struggles with aging product lines and slow progress in autonomous driving technology.

Moreover, Tesla's valuation has always been high, and a return to more realistic levels amid poor operational performance could further drive the stock price down.

Therefore, even with their reunion, Tesla is likely to remain in a downward trend.