Trump showcases Tesla to support Elon Musk
President Donald Trump showcased a new red Tesla at the White House, expressing support for Elon Musk's electric vehicle company amid its sales struggles. Trump plans to purchase the car for about $80,000 and leave it for staff use. This event marks a notable display of loyalty from Trump to Musk, who has been influential in his administration. Tesla's stock rose nearly 4% following the announcement, despite a significant decline since Trump took office. Musk, who also leads other companies like SpaceX and X, faces challenges including a recent cyberattack on X and issues with Tesla's production. The White House has defended Musk amid controversies surrounding his comments on government spending.