Trump endorses Tesla to support declining stock prices

inquirer.net

President Donald Trump endorsed Tesla on March 11, 2025, announcing he would buy one of Elon Musk's electric cars. This comes as Tesla's share prices have dropped significantly due to market concerns and backlash against Musk's government spending cuts. Musk plans to double Tesla's production in the U.S. over the next two years and introduce a self-driving vehicle without a steering wheel. Despite Trump's support, Tesla faces declining sales in Europe and rising protests against Musk's policies. Tesla's stock saw a slight recovery after Trump's announcement, despite ongoing challenges, including vandalism and a cyberattack on Musk's social media platform. Musk's popularity remains low among the general public amid these controversies.


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