<h1>Former President Supports EV Maker Amid Stock Drop and Loss of Government Subsidies</h1> A former president publicly expressed support for a major electric vehicle manufacturer despite previous conflicts, emphasizing that the company's success benefits the national economy. This statement came amid the manufacturer's significant stock decline following disappointing quarterly financial results and warnings of challenging upcoming quarters. The company faces the loss of substantial government subsidies due to recent budget legislation, as well as increased costs from tariffs imposed on key trading partners. The CEO criticized the budget bill and threatened political action in response. The manufacturer is transitioning its business model toward autonomous ride services and robotics, though these ventures are not yet profitable. Regulatory approvals remain a key factor for the planned expansion of its robotaxi service. The CEO anticipates economic improvements once autonomous technology scales, despite near-term financial difficulties linked to reduced incentives and increased operational costs.