As the White House appears to go “all-in on propping up Tesla’s stock,” political polarization is moving from companies and their products — think: Bud Light — to the stock market.

One presidential historian says he can’t recall “a single instance when an administration endorsed a particular company.”

Throughout its years as a publicly traded company, Tesla (TSLA) has experienced fairly consistent volatility due to both internal and external forces. Between the unpredictable nature of both CEO Elon Musk and the electric vehicle (EV) market,

In an all-hands company meeting broadcast on X, Tesla Chief Executive Elon Musk urged employees to hold on to their shares, which have fallen in value by 34% year to date.

Tesla finds itself in uncharted territory, now that it appears to have lost its aura of infallibility, leaving punters in the dark about its outlook.