While the news cycle today may be filled today with reports of Tesla vehicles being vandalized and stores being the site of aggressive protests and attacks, some key players in American politics seem to be rallying around the electric vehicle maker.

The most notable is U.S. President Donald Trump, who stated that he would be purchasing a Tesla to support Elon Musk.

Musk pushback and Tesla attacks

Elon Musk is heavily involved in the Trump administration, thanks to his work with the Department of Government Efficiency (DOGE), which is designed to eliminate waste in the federal government. Amidst DOGE’s efforts, critics have rallied against Musk, and some have targeted Tesla. Over the past months, numerous Tesla stores have been vandalized, and some have been shot up and attacked with Molotov cocktails. Tesla vehicles were not spared, as cars from Cybertrucks to Model Ys became the target of protesters who are against the CEO.

Unfortunately, some Tesla owners on social media have noted that the attacks against their vehicles have resulted in some people getting physically hurt. Musk has also confirmed that he has been receiving a notable amount of death threats.

Trump rallies around Tesla

Trump appears to be aware that a large part of the efforts against Elon Musk and his companies were due to the CEO’s support and work for his administration. With this in mind, Trump announced on his social media platform, Truth Social, that he would be buying a brand-new Tesla “as a show of confidence and support for Elon Musk,” who he called a “truly great American.”

Following is Trump’s post in its entirety:

“To Republicans, Conservatives, and all great Americans, Elon Musk is ‘putting it on the line’ in order to help our Nation, and he is doing a FANTASTIC JOB! But the Radical Left Lunatics, as they often do, are trying to illegally and collusively boycott Tesla, one of the World’s great automakers, and Elon’s ‘baby,‘ in order to attack and do harm to Elon, and everything he stands for.

“They tried to do it to me at the 2024 Presidential Ballot Box, but how did that work out? In any event, l’m going to buy a brand new Tesla tomorrow morning as a show of confidence and support for Elon Musk, a truly great American. Why should he be punished for putting his tremendous skills to work in order to help MAKE AMERICA GREAT AGAIN???”

Musk was very appreciative of the U.S. President’s pledge, thanking Trump in a post on X, his social media platform.

Morgan Stanley analyst Adam Jonas predicts Tesla stocks will rebound over 90% within the next year.

Jonas reiterated his overweight rating for TSLA and still considers Tesla a top-pick stock. Tesla’s share price recently dipped 50% compared to its high record in December 2024. The Morgan Stanley analysts set a $430 price target for Tesla.

Jonas’ TSLA price target hints that he believes Tesla’s stock could rebound roughly 93% from its current value. Morgan Stanley sees Tesla’s current share price of $223.59–as of this writing–as a buying.

“We see the pullback as a buying opportunity for an embodies [artificial intelligence] compounder,” said Jonas in a recent note.

Jonas acknowledged Tesla’s challenges, including reduced sales, the company’s souring brand sentiment, and “a de-grossing of the market.” He pointed out that Tesla’s reputation is being reshaped as media narratives focus on Elon Musk’s political activities instead of the company’s efforts in AI.

The Morgan Stanley analyst has a $200 bear case scenario on Tesla, which he believes the stock could reach. On the other hand, he also believes Tesla stocks could rebound and reach his $800 bull case scenario within the next 12 months.

Jonas believes there will be a few catalysts that could bring TSLA stock back up. For instance, Tesla’s Full Self-Driving (FSD) Unsupervised will be available for paid rideshare services later this year in Texas. While the Tesla Cybercab is still in the distant future, FSD Unsupervised rides with the Model 3 or Model Y would showcase the potential of the company’s robotaxi fleet.

Tesla (NASDAQ: TSLA) received resolute support from billionaire investor Ron Baron, who supports Elon Musk despite recent backlash for his political activities.

Tesla stock is down 50% compared to its all-time high in December 2024. However, Ron Baron, the chairman and CEO of Baron Capital, doesn’t seem too worried about Tesla or Elon Musk.

“I think people are feeling unsettled right now with all the things that are happening so quickly. I think they’re intentional…And I think all the things they [referring to President Trump and Musk] say that make the market go up or down, you shouldn’t think those are by miscommunication. They’re all intentional,” Baron said.

After President Trump won the election, TSLA share prices skyrocketed. Longtime Tesla analysts adjusted their price targets and predicted President Trump would be a game-changer for the company over the next four years.

However, Elon Musk’s political activities and close ties to President Trump have angered many people across the globe. Tesla is taking the brunt of it all. People are attacking Tesla stores and Supercharger stalls, vandalizing Tesla vehicles, and holding protests against Elon Musk and the company.

Many speculate that the anger towards Elon Musk and, by extension, Tesla is now affecting business. However, there is no definitive proof that it ties people’s ire with Musk to Tesla’s stock dip.

Tesla’s dip is likely related to the company’s Model Y Juniper transition. After all, the electric vehicle maker is retooling all its Model Y factories to produce Juniper. Ron Baron also believes the automotive industry is at an inflection point right now as it prepares for autonomous vehicles, like Tesla’s robotaxi fleet.