Did Trump take note of Tesla's 'earnings shock'…"U.S. companies must prosper"

Donald Trump, the former President of the United States, stated on the 24th (local time), "I hope that not only Elon Musk but all companies in America will prosper."

President Trump posted on his social media, Truth Social, saying, "Everyone says that I will end all or part of the massive subsidies Musk receives from the U.S. government and destroy his company. But I want not only Musk but all American companies to flourish." Trump added, "The better companies do, the better America does," and "America is setting records every day, and I want to keep that trend going."

Some analysts interpret Trump's remarks as being mindful of the 'earnings shock' at Tesla, led by Elon Musk. On the 23rd, Tesla announced that its Q2 revenue was $22,496,000,000, down 12% from a year earlier. Operating profit during the same period plunged 42%. The global investment bank (IB) UBS stated, "The fundamentals are overrated," and set Tesla's target stock price at $215, about $100 lower than the current price.