Trump buys Tesla to support Elon Musk's company
ndtv.com —
Donald Trump purchased a red Tesla Model X with Elon Musk's assistance at the White House. The $80,000 car was bought publicly to show support for Musk's company amid backlash over Musk's political involvement. Trump stated he paid full price for the vehicle to avoid any perception of favoritism. He praised Musk as a "patriot" and acknowledged the challenges Tesla faces due to protests against Musk's role in the Trump administration. Tesla shares have dropped over 30% recently, with protests occurring outside Tesla stores. While shares fell 15% on Monday, they rebounded slightly by nearly 5% the following day.