While Elon Musk has become one of his closest advisors, the list of tech CEOs who attended his inauguration included Meta Platform’s (META) Mark Zuckerberg, Alphabet’s (GOOGL) Sundar Pichai, and Amazon (AMZN) founder Jeff Bezos.

Tesla now faces headwinds from the president Musk helped elect. Trump, a frequent EV critic, has called for scrapping EV subsidies and policies that have added billions of dollars to Tesla’s bottom line. Musk has dismissed the impact on Tesla of losing subsidies, saying rivals would suffer more.

"Follow ColdFusion for more deep dives into technology, business, and global events. Explore the rise and fall of industries, groundbreaking innovations, and the hidden forces shaping our world."