Pres. Trump Defends Musk, Buys Tesla at White House Event

Former President Donald Trump is making headlines again, this time for throwing his full support behind Elon Musk and purchasing a Tesla Model S at a White House event. Trump condemned the growing Tesla boycott, calling it illegal, and vowed to take action against those targeting Tesla dealerships. The event underscores the deepening ties between Trump and Musk, who remains at the center of political and economic controversies surrounding Tesla’s financial struggles and government involvement.

What’s Happening & Why This Matters

Tesla has been at the center of controversy, facing plummeting stock prices, political backlash, and consumer boycotts. Many critics blame Musk’s close involvement in federal government operations, particularly his influence over cost-cutting policies through his Department of Government Efficiency (DOGE)initiative. With Tesla’s market value shrinking and protesters organizing boycotts nationwide, Trump has stepped in to defend Musk and condemn the anti-Tesla movement.

Trump publicly purchased a red Tesla Model S at the White House event, standing beside Musk and his young son. The event was designed to symbolize confidence in Musk and Tesla’s future. Trump declared that he would pay for the vehicle by check, a gesture meant to reaffirm his commitment to Musk as an ally and a business leader.

Trump also took to Truth Social, his social media platform, to rally support for Musk, stating:

Elon Musk is putting it on the line for our Nation, and he is doing a FANTASTIC JOB! But the Radical Left Lunatics, as they often do, are trying to illegally and collusively boycott Tesla, one of the World’s great automakers, and Elon’s ‘baby,’ in order to attack and do harm to Elon, and everything he stands for.”

Tesla Faces Market Slump as Protests Grow

Trump’s remarks come at a time when Tesla’s stock has taken a nosedive. It experienced its worst drop in nearly five years, with shares declining 15% in a single day. Analysts attribute this slump to economic concerns, Musk’s controversial political influence, and growing public discontent over his expanding role in government affairs.

A group known as TeslaTakedown, a nationwide coalition of anti-Tesla activists, has organized protests at Tesla showrooms, urging consumers to sell their Tesla vehicles and shares. The group insists that its demonstrations are peaceful and lawful, pushing back against Trump’s claims that they should be classified as domestic terrorism.

“Peaceful protest on public property is not domestic terrorism. We will not be bullied or allow our rights to be trampled on or stolen,” the group stated.

Despite the backlash, Trump dismissed concerns over Tesla’s stock performance, insisting that the company remains a powerhouse in the electric vehicle industry. He told reporters:

“In any event, I’m going to buy a brand-new Tesla tomorrow morning as a show of confidence and support for Elon Musk, a truly great American. Why should he be punished for putting his tremendous skills to work in order to help MAKE AMERICA GREAT AGAIN???”

Musk’s Wealth Declines as Tesla Struggles

While Musk continues to hold the title of the world’s richest man, his personal wealth has taken a hit. A recent market downturn wiped out $29 billion from Musk’s fortune in a single day, bringing his 12-month total loss to $132 billion. Meanwhile, Tesla’s global sales have also suffered, with a 76.3% decline in Germany alone compared to the previous year.

Adding to Tesla’s financial troubles, several high-profile executives and board members—including Musk’s brother, Kimbal Musk—have offloaded millions of dollars in Tesla stock in recent months. This trend has sparked speculation about internal concerns regarding Tesla’s future trajectory.

Political Fallout and Industry Impact

The controversy surrounding Tesla is further fueled by Musk’s government influence, particularly through DOGE, a program aimed at cutting federal spending. Critics argue that Musk’s role in shaping policy has led to a lack of transparency, questionable cost-saving measures, and the cancellation of essential government contracts.

Public opinion on Musk’s role is deeply divided. Polls indicate that Democratic voters overwhelmingly believe Musk wields too much power, while Republican voters are split on whether his influence is beneficial. As Trump and Musk’s political and financial interests intertwine, Tesla remains caught in a battle that could determine the company’s fate.

TF Summary: What’s Next

Trump’s endorsement of Musk and Tesla further fuels the political and financial firestorm surrounding Tesla’s future. With boycotts intensifying, stock values falling, and Musk’s wealth shrinking, Tesla is at a crossroads. If the company’s market downturn continues, Musk may be forced to restructure leadership, seek external funding, or pivot Tesla’s branding to regain public trust. As the political, financial, and consumer pressures mount, the next phase of Tesla’s evolution — and Musk’s influence — remains uncertain.

— Text-to-Speech (TTS) provided by gspeech