Trump supports Musk during Tesla's stock decline
Donald Trump has publicly defended Elon Musk and Tesla amid significant stock declines and organized boycotts. On March 11, Trump criticized what he called illegal attempts to sabotage Tesla and announced plans to buy a new Tesla to show his support. Tesla's stock dropped 15.4% on March 10, marking its largest one-day decline since 2020. The company's market value has fallen from $1.5 trillion in December to $696 billion, despite Musk's optimism about long-term recovery. Protests and vandalism have occurred at Tesla locations, linked to Musk's political involvement. His role in the government has raised concerns about the intersection of business and politics, as he seeks to rally support from Trump's political base.