Trump promotes Tesla at White House; stock rebounds slightly

electrek.co

President Donald Trump held a press conference at the White House to promote Tesla, a company owned by his largest political donor, Elon Musk. This event occurred one day after Tesla's stock fell 15%. During the event, Trump praised Tesla vehicles and announced plans to buy a Model S Plaid for White House staff. He made misleading claims about Tesla's self-driving capabilities, which require driver supervision. Following the publicity, Tesla's stock rose by 5% but remained down 15% from the previous day. Trump's support for Tesla comes amid ongoing criticism of electric vehicles and their tax credits.


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