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The relationship between Tesla Inc CEO Elon Musk and President Donald Trump has been mostly positive since their notorious spat last year. After all, the billionaire poured hundreds of millions of dollars into Trump’s 2024 campaign and remains a key supporter today.

Still, Trump continues to share his distaste for the electric vehicle (EV) sector.

“I ended the electric mandate. I don’t want to talk about it because Elon wasn’t exactly thrilled with me, but I had to do it. We love Elon,” Trump said Wednesday during a speech in Las Vegas, Nevada, according to Electrek.

The never was a “mandate” to switch to EVs, as the president has sometimes publicly lied about. Instead, the president is referencing the ending of the $7,500 federal tax credit, which his administration ended when he took office for a second presidential term.

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“I ended (it) because it said that within a very short period of time, like 20-30, everybody had to have an electric car — even though there was no way you could charge it.”

Again, there was never a mandate to make every consumer buy an EV, just some states having goals to have all EVs by 2030 or into the future.

“You ever see the signs? You’re driving along in electric car, they have a disease, you know it’s a disease…they’re driving and they realize their battery’s getting low, and they start thinking about it when it’s ¾ full.”

Trump went onto say that EV drivers, and those looking for charging stations while driving are “crazy.”

While Tesla and other companies have increased the number of charging stations across the country, locations to charge a vehicle and the given range remain a concern and a reason that some consumers haven’t made the switch to electric yet.

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Tensions Over EV Sector

Trump’s sharp rhetoric directly undermines Musk and signals fresh hostility toward the sector, despite offering a brief nod of approval for EV in his speech.

“I like electric cars,” he said. “You know, we sell 7% of our cars despite all the taxes and all of the things that we gave away. 7%.”

While that figure aligns with current U.S. market share, EV advocates have little reason to celebrate as European adoption tops 20% and China sits above 50%.

Trump Vs. Musk Fights

When Musk publicly opposed the Big Beautiful Bill, Trump clapped back, claiming his campaign-trail backer had “Trump Derangement Syndrome.”

The president also claimed Musk was upset over how the bill would affect the EV sector. Musk denied the claim.

“This is an unfortunate episode from Elon, who is unhappy with the One Big Beautiful Bill because it does not include the policies he wanted. The President is focused on passing the historic piece of legislation and making our country great again,” White House Press Secretary Karoline Leavitt told Benzinga at the time when asked for comment on some tweets made by Musk.

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Tesla stock saw it’s biggest one-day market cap loss at the time, losing $152 billion on June 5, 2025 as the two figures publicly battled on social media.

Today, while Trump continues to bad mouth EVs and autonomous vehicles, his administration continues to support Musk and his companies with policies and new regulations.

This includes recently making it easier to advance autonomous vehicles from the likes of Tesla, even though Trump once publicly opposed them as well.

“Do you like autonomous? Does anybody like an autonomous vehicle? Know what that is? Right? When you see a car driving along? Some people do, I don’t know. A little concerning to me, but the autonomous vehicles we’re going to stop from operating on American roads,” Trump said in October 2024 at the Detroit Economic Club.

Image via Shutterstock

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Building Wealth Across More Than Just the Market

Building a resilient portfolio means thinking beyond a single asset or market trend. Economic cycles shift, sectors rise and fall, and no one investment performs well in every environment. That’s why many investors look to diversify with platforms that provide access to real estate, fixed-income opportunities, precious metals, and even self-directed retirement accounts. By spreading exposure across multiple asset classes, it becomes easier to manage risk, capture steady returns, and create long-term wealth that isn’t tied to the fortunes of just one company or industry.

Arrived

Backed by Jeff Bezos, Arrived Homes makes real estate investing accessible with a low barrier to entry. Investors can buy fractional shares of single-family rentals and vacation homes starting with as little as $100. This allows everyday investors to diversify into real estate, collect rental income, and build long-term wealth without needing to manage properties directly.

Realberry

Institutional-quality real estate has traditionally been difficult for individual investors to access. Realberry gives accredited investors direct access to private real estate opportunities backed by a team with 35 years of experience, $3.4 billion in assets under management, and $481 million in cumulative distributions paid to investors as of Q4 2025, according to the company. With a portfolio spanning 13 million square feet across seven U.S. states, Realberry focuses on acquiring, developing, and managing real estate with an emphasis on long-term value creation while its principals often invest alongside clients to help align interests.

FarmTogether

Farmland has historically held its value through market volatility and delivered returns uncorrelated to stocks and bonds. For accredited investors, FarmTogether offers direct access to high-quality U.S. farmland starting at $15,000 — fully managed, with no landlord headaches.

Immersed

Immersed is building technology for the future of work through spatial computing. Known for its AR/VR productivity platform that enables users to work across multiple virtual screens, the company has grown to more than 1.5 million users worldwide. Immersed is also developing Visor, a lightweight headset designed specifically for professional productivity, positioning the company at the intersection of remote work, extended reality (XR), and next-generation computing.

Fundrise

Private real estate and private credit can add income and stability to a stock-heavy portfolio. Fundrise offers access to diversified private real estate and credit strategies through an easy-to-use platform, with professionally managed portfolios designed to generate passive income and long-term growth.

Mode Mobile

Mode Mobile is changing the way people interact with their phones by letting users earn money from the same apps and activities they already use every day. Instead of platforms keeping all the advertising revenue, Mode Mobile shares a portion back with users who engage with content, play games, and scroll on their devices. Named one of Deloitte’s fastest-growing software companies in North America, the company has built a large beta user base and is scaling a model that turns everyday smartphone usage into a potential income stream. 

EquityMultiple 

For accredited investors looking beyond stocks and bonds, EquityMultiple provides access to vetted commercial real estate deals starting at $5,000, with only ~5% of opportunities passing their due diligence process.

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