Trump supports Musk by purchasing a Tesla amid market turmoil
Tesla shares fell over 15% on Monday amid market uncertainty linked to President Trump's import tariffs. Trump announced he would buy a "brand new Tesla" to support CEO Elon Musk, who has faced backlash for his political ties. Trump's comments came after he empowered Musk to lead a cost-cutting initiative in the government. However, this effort has met resistance, including protests and legal challenges, raising concerns among Tesla investors. Musk also reported a major cyberattack on his social media platform, X, which he suggested may be linked to his staffing cuts. The attack has raised questions about the platform's security and Musk's leadership decisions.