President Trump said he would buy a “brand new” Tesla to support senior adviser Elon Musk, as the stock market shows stocks in the electric car company Tumbling.
“For Republicans, conservatives and all the great Americans, Elon Musk “puts it on the line” to help our country and he does an amazing job! “However, the radical left madman is one of the greatest car makers in the world, one of Eleon's attackers, and one of Elon's attackers to attack Eleon, and breaks down. I wrote it early on Tuesday A true society.
“They tried to do it to me at the 2024 President's Ballot Box, how did that work?” the president continued. “In any case, I'm going to buy a brand new Tesla tomorrow morning, as a show of confidence and support for truly great American Elon Musk.”
He added, “Why are we punished to use his incredible skills to make America great again?”
Trump's post comes when he faces economic concerns as stock markets have fallen amid a trade war with other countries.
Tesla shares fell 15.4% on Monday to $222.15, the company's shares being the lowest since October, the lowest since September 2020 The Associated Press reported.
Analysts point to Musk's relationship with Trump as the reason Tesla stock fell.
In December, after Musk poured over $200 million into the presidential campaign and appeared in the post-election victory celebrations, Tesla shares reached $479 per share, but then fell 40% and lost, the AP reported.
Since January, Musk has been the face of the Trump administration's efforts to reduce federal spending through the efficiency of the new government. The group has cut thousands of federal jobs, sought access to various sectors and agencies, and raised red flags about the reduction in sensitive information and critical programs being breached.
Analysts say Musk's sudden right-wing shift doesn't seem to sit well with Tesla shareholders, who are generally considered to be wealthy, greener liberals who wanted electric vehicle options.
Musk sat in an unusual interview with Fox Business on Monday. There he was asked about the recent protest affecting Tesla charging stations, factories and stores.
Former Trump administration official Larry Kudlow has sought the tech billionaires over protests, Tesla stocks and recent criticism of the tech billionaires. Musk laughed at it and said, “Looking at the bright side.”
