Trump supports Elon Musk by considering buying Tesla amidst political tensions. Tesla stock faces a significant drop due to economic concerns and sales decrease.
Donald Trump, the President of the United States, is planning to purchase a Tesla car to show his support for Elon Musk, the CEO of the company. This move comes as Musk is facing tensions with American politicians and some of his critics have protested against him. Meanwhile, Tesla stocks faced a 15.4% drop on Tuesday, the biggest daily decline since 2020. This decline is due to economic concerns, decrease in electric car sales, and political tensions surrounding Musk. Some analysts see Trump’s decision to buy Tesla as a sign of his support for Musk and his influence in the technology sector. This action could refocus attention on Tesla’s role in the future of the automotive industry and its connection to US government policies.
