President Donald Trump has revealed he was “amazed” Elon Musk endorsed him to become president, given his longstanding plans to scrap electric vehicle subsidies. One week after their nuclear breakup,

Tesla ( TSLA 5.66%) stock has tumbled 22% year to date amid a myriad of business and political headwinds, and Wall Street anticipates further declines. The average target price among 55 analysts is $289 per share, which implies 8% downside from the current share price of $316.

Donald Trump on Monday addressed a question that’s been on many people’s minds ever since the president’s spectacular blow-out with former so-called “First Buddy” Elon Musk last week. Namely, what will happen to the red Tesla model S that Trump bought during a White House event in March to promote Musk’s electric vehicle brand amid backlash to the billionaire’s now-ended role leading the public spending-slashing,