President Donald Trump has purchased a brand-new Tesla this morning, making a public display of support for CEO Elon Musk. Trump’s move follows a steep decline in Tesla’s stock price, which saw its worst day on the market since 2020. In a post on Truth Social last night, Trump praised Musk, stating that he is “putting it on the line” to help the nation, while accusing “radical left lunatics” of illegally boycotting the electric vehicle company.
Tesla’s stock struggles come amid broader concerns over the company’s financial performance and leadership decisions. Musk has faced increasing scrutiny from lawmakers, particularly over budget cuts made by his self-styled Department of Government Efficiency. The cuts have drawn pushback from some officials who argue that they disproportionately affect federal subsidies for renewable energy and infrastructure projects. Despite the criticism, Musk continues to assert that Tesla remains a leader in the EV market, even as competitors gain ground in the industry.
Trump’s vocal support for Musk underscores a growing alliance between the two figures, both of whom have clashed with traditional political and business establishments. The former president has repeatedly championed Musk’s ventures, including his ownership of X (formerly Twitter), where Trump’s social media presence was once a focal point before he launched Truth Social. By purchasing a Tesla, Trump signals not only his confidence in Musk but also his alignment with the billionaire’s stance against what they both see as unfair government interference in business.
The alleged “illegal boycott” Trump referenced remains unclear, though Tesla has faced criticism from progressive activists and some investors over Musk’s political affiliations and controversial decisions, including his engagement with right-wing figures and statements on free speech. While no formal boycott has been announced, Tesla’s declining stock value has fueled speculation over whether investor sentiment is shifting due to external pressures.
Musk has yet to publicly respond to Trump’s show of support, but the former president’s endorsement is likely to energize Tesla’s conservative-leaning customer base. Analysts predict that the move could help stabilize investor confidence in Tesla, especially if it leads to increased sales among Trump supporters.
As the political and financial landscape continues to evolve, the relationship between Trump and Musk remains a key point of interest. With Tesla facing market volatility and Musk navigating political scrutiny, Trump’s endorsement adds another layer to the complex intersection of business and politics in the U.S.
