Trump supports Tesla by announcing new car purchase
US President Donald Trump announced on Wednesday that he will buy a new Tesla to support Elon Musk. He praised Musk as a great American and criticized those he claims are trying to harm Tesla. Tesla's stock has fallen nearly 50% in the past three months, dropping from a market value of $1.5 trillion to $845 billion. Factors include Musk's political involvement and controversies surrounding his support for Trump. The stock decline intensified recently, with Tesla shares falling 15% on Monday, marking the largest drop since September 2020. Overall, Tesla's stock has decreased over 40% this year.