Elon’s close association with the Trump Administration has not been the best thing in the world for the Trump brand; I can see the market seeing the end, or at least weakening, of that association as a positive move for Tesla.
The damage to Tesla's brand is irreversible. Musk has done literally everything in his power to alienate the core EV-buying demographic and the product itself is no longer unique or even particularly competitive. Maybe tariffs can prop up Tesla's auto business for a while longer but otherwise his only hope is for the MAGA set to suddenly pull an ideological 180 on EVs.
