Trump plans to buy a Tesla despite declining sales

ocregister.com

President Donald Trump announced he plans to buy a Tesla, showing support for Elon Musk amid a significant drop in Tesla's stock. Shares fell 45% in 2025, with a 15% decline on Monday, reflecting concerns over competition and Musk's political ties. Tesla has faced protests and vandalism, with some owners displaying bumper stickers to distance themselves from Musk's political views. Sales have sharply declined in key markets, including California and Europe, as analysts predict further drops in deliveries. Musk's political affiliations and recent controversies have raised concerns among potential buyers. Tesla's sales in China have also halved due to increased competition, while Musk's other ventures, including X and SpaceX, have encountered operational issues.


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