The company's CEO and the president talked up its electric vehicles at a news conference outside the White House.

Trump's strong backing of his ally's company has eased some of Tesla's stock struggles - but also sparked major ethical concerns.

With a YTD loss of nearly 39%, Tesla (TSLA) is the worst-performing constituent of the S&P 500 Index ($SPX). The stock fell almost 30% in February to wrap up its second worst month on record. The only time it fared worse was in December 2022,