Updated from Feb. 7 with additional information.

Tesla (TSLA) - Get Report CEO Elon Musk's continuing engagement with President Donald Trump doesn't seem to be hurting the company's stock at all.

Musk has come under fire after claiming in a series of passionate tweets last week that he will stay on President Donald Trump's business advisory team in order to "provide feedback on issues that I think are important for our country and the world."

"Good grief, I'm not 'working' for Trump," he added to his Twitter feed this weekend.

The CEO was forced to defend his decision after Uber CEO Travis Kalanick announced that he was stepping down from the advisory team after a series of protests that heated up after Trump signed the executive order that banned travelers from seven majority-Muslim countries last month. Protesters were upset that Uber continued to do business at John F. Kennedy International Airport during an immigration ban protest, while New York Taxi Workers avoided the area to prevent blockage.

On Monday, Tesla (TSLA) - Get Report joined dozen of other tech companies in a friend-of-the-court brief to oppose Trump's travel ban. A Tesla spokesperson told TechCrunch that it was unaware of the brief until Monday morning and subsequently "insisted on being added." Other notable signers include Uber, Twitter (TWTR) - Get Report,Apple (AAPL) - Get Report,Facebook (FB) - Get Report,Alphabet (GOOGL) - Get ReportandMicrosoft (MSFT) - Get Report.

Electric car blog Electrek recently reported that at least some customers have cancelled their Model 3 orders due to Musk's relationship with Trump. This is in spite of Musk claiming in a recent tweet that he does not think the travel ban is the right way to fix "the country's challenges."

But the cancelled orders won't affect Tesla, considering Model 3 pre-orders are a little over 370,000. "Tesla doesn't have demand problems," Former Piper Jaffray senior tech analyst and Loup Ventures founder Gene Munster told TheStreet. "It has manufacturing problems."

The criticism hasn't had an effect on Tesla's stock either, Munster noted. That's because it's easy to switch from the Uber app to competitor app Lyft, but it's much harder to find an alternate to Tesla. "Those who are passionate users of Tesla are not going to switch," he said.

Tesla shares closed Monday at $257.77, up 2.5%, and were about flat on Tuesday. They were trading in the $250-per-share range on Monday, Jan. 30. Trump issued his executive order on immigration on Friday, Jan. 27.

Munster said Tesla shareholders probably see Musk's actions as "favorable" because he's making the best decision for the company and broader industry by being in a position to influence policies. Some people may be turned off by Musk's tendency to "call it like it is," but that's just his personality, he added.

"Tesla shareholders own it for Elon," he said. "They love that he's laser-focused and does what he thinks is best for Tesla."

T. Rowe Price vice president Joel Grant expressed a similar view, claiming that Musk is just being "pragmatic" and a lot of people appreciate that. "Some people will always think cooperation is a bad thing, but Tesla's share price shows that people think staying engaged is a good thing for the company," he said.

Musk claims that he can do more good by staying on the board and providing advice to Trump. The activists should be pushing for more people like him on the council, rather than pushing for them to step down, he claimed. "How could having only extremists advise him possibly be good?" Musk tweeted on Sunday.

He claims his strategy is already working as he was able to change the agenda at the White House meeting last week from not addressing the travel ban at all to moving it front and center, Musk claimed. As the CEO of an electric car company that recently acquired his solar company SolarCity, he was also able to voice his concerns about climate change at the meeting. Trump famously tweeted that global warming was a hoax "created by and for the Chinese in order to make U.S. manufacturing non-competitive."

"I believe this is doing good, so will remain on council & keep at it," Musk tweeted on Saturday. "Doing otherwise would be wrong."

On Monday, TheStreet's Jim Cramer said that Musk could be the one to help bridge the gap between his fellow tech companies and Trump."I think that when you have such a uniform protest and then you sit down, I mean, maybe this was the first example of there could be a compromise," Cramer said.