In a recent display of support for Elon Musk and Tesla, President Donald Trump announced his intention to purchase a Tesla vehicle. This move comes amid significant challenges for the electric car manufacturer, including a notable drop in stock prices and widespread boycotts. The boycotts were sparked by Musk’s role in the Department of Government Efficiency, where he implemented substantial federal spending cuts, leading to protests and acts of vandalism at Tesla dealerships across the United States.
At a White House event, President Trump showcased several Tesla models and expressed his admiration for Musk’s contributions to American innovation. He criticized the boycotts as actions by “Radical Left Lunatics” and labeled the attacks on Tesla facilities as “domestic terrorism.” Trump emphasized his personal support by announcing plans to purchase a Tesla Model S for approximately $80,000 and to gift a Cybertruck to his granddaughter, Kai.
Elon Musk, attending the event, highlighted Tesla’s commitment to making electric vehicles more accessible and affordable. Despite the recent adversities, including a more than 28% decline in stock value over the past month, Musk reaffirmed plans to double Tesla’s vehicle output in the U.S. over the next two years.
This public endorsement by President Trump aims to bolster confidence in Tesla and counteract the negative impact of the boycotts. The administration’s support underscores the significance of Tesla’s role in the American automotive industry and its contributions to technological advancement.