Published Date: March 12, 2025 ✍️ Author: Global World Citizen News Team 🌍 Source: GlobalWorldCitizen.com
Trump Steps Into a Tesla to Show Support for Elon Musk as Stock Struggles
In a bold display of support for Tesla CEO Elon Musk, President Donald Trump climbed into a Tesla at the White House on Tuesday, announcing that he would purchase one at full price. This move comes as Musk faces increasing legal challenges, political pressure, and declining Tesla stock prices—reportedly amid internal disagreements within the Trump administration.
Key Developments
Trump declared his support for Musk in a late-night Truth Social post, calling him a “truly great American” and pledging to buy a Tesla. The president inspected multiple Tesla models, including a Cybertruck, alongside Musk at the White House. Trump praised the vehicle’s technology, calling it “beautiful” and saying, “everything’s computer.” He confirmed plans to buy a Tesla for White House staff, while noting that due to Secret Service restrictions, he is not allowed to drive on public roads.
Trump’s Response to Tesla Vandalism
When asked about reports of vandalism targeting Tesla dealerships, Trump took a firm stance, stating:
“I will do that … I’m going to stop them … They’re harming a great American company.”
His remarks suggest potential government action against individuals targeting Tesla properties.
Why Is Trump Supporting Tesla?
Tesla has been under mounting pressure since Musk took on a government advisory role within the Trump administration. The company has faced:
Nationwide vandalism at Tesla dealerships. Declining EV sales in Europe at the start of the year. Increased protests from consumer and political groups. Major stock declines, including a 15% drop on Monday—its worst since September.
Adding to the turmoil, Musk is reportedly facing pushback from within the Trump administration, with Secretary of State Marco Rubio allegedly clashing with him over policy issues.
Is Musk Still Running Tesla?
Despite his government role, Musk remains Tesla’s CEO. However, in a recent Fox Business interview, he admitted he is running Tesla, SpaceX, and X “with great difficulty” due to his additional commitments in Washington.
Tesla’s stock continues to struggle, but Musk reassured investors on X, stating:
“Tesla will be fine long-term.”
The Billionaire Power Duo: Trump & Musk
Elon Musk’s Net Worth: Estimated at $325.1 billion, making him the world’s richest person. Donald Trump’s Net Worth: Estimated at $4.6 billion, maintaining his position as one of the wealthiest U.S. political figures.
Tesla’s Future Under Trump
At the White House event, Musk announced Tesla’s ambitious expansion plans, stating:
“Tesla will be doubling its U.S. vehicle output in the next two years as a function of the great policies of President Trump and his administration, and as an act of faith in America.”
While Tesla faces short-term stock volatility, Musk remains committed to expanding production and driving long-term success.
What’s Next?
Will Trump’s public backing stabilize Tesla’s stock? Can Musk balance his government duties and business empire? The next few weeks will be crucial for both Tesla’s future and the ongoing political dynamics surrounding its CEO.
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