Fri Jul 25 01:55:21 UTC 2025: Okay, here’s a summary of the text and a rewritten version as a news article, suitable for The Hindu’s global business section, focusing on the perspective of how these events impact India:

**Summary:**

Despite a long-running public feud, U.S. President Donald Trump has unexpectedly voiced support for Elon Musk and Tesla. This comes as Tesla faces significant financial headwinds, including a drop in revenue and profits, partly due to increased competition and concerns over Musk’s political activities alienating customers. Trump’s support seems aimed at reassuring investors that the U.S. government won’t actively undermine Tesla. However, new budgetary measures and tariffs pushed by the Trump administration will likely hurt Tesla’s bottom line, eliminating electric vehicle tax credits and raising import costs. Musk has heavily criticized these measures, and Tesla anticipates “rough quarters” ahead as it transitions towards self-driving car technology and robotics, while dealing with incentive losses and regulatory hurdles.

**News Article:**

**Tesla Woes Persist Despite Trump’s Unexpected Backing: Impact on India’s EV ambitions**

**New York, July 25, 2025:** In a surprising turn of events, U.S. President Donald Trump publicly expressed support for Elon Musk and Tesla on Thursday, but the move failed to buoy the electric car maker’s stock as it grapples with declining revenue and a challenging market landscape.

Tesla reported a 12% drop in revenue and a 16% profit decline for the April-June quarter, sparking investor concerns and a 9% stock plunge. The company has been impacted by increased competition in key markets, including Europe and China.

“I want Elon, and all businesses within our Country, to thrive,” Mr. Trump wrote on Truth Social. The positive statement comes amid investor unease over Trump’s previous threats to punish Musk through the removal of government subsidies.

While the President’s latest comments may offer some reassurance, industry analysts are skeptical given the tangible impact of the Trump administration’s recent policies. A massive budget bill recently passed will end the $7,500 EV tax credit, and the President’s tarrifs imposed on China and Mexico will cost Tesla hundreds of millions of dollars.

Musk has fiercely criticized the budget measures and threatened to form a new political party.

**Indian Implications**

For India, the news underscores the complexities and uncertainties surrounding the global EV market. Tesla’s struggles highlight the growing competitiveness and the potential vulnerabilities of even leading players. Of particular interest to India is the impact of Trump’s trade policies, as they may further impact the global supply chain and costs associated with EV manufacturing.

Moreover, Tesla’s pivot towards autonomous driving technology, with robotaxi rollouts planned for later this year, should serve as both a technological benchmark for the Indian automotive sector and a reference for the country’s own regulatory framework around autonomous vehicles. The success, or failure, of Tesla’s robotaxi service in the US will likely have implications for the future of transportation in India.

Mr. Musk warned of “a few rough quarters” as Tesla transitions to a new era of self-driving technology. The company hopes to introduce driverless cabs in several cities soon.

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