Trump will buy a Tesla after stock decline
ft.com —
Donald Trump announced on social media that he will buy a Tesla to support Elon Musk after the company's shares dropped 15% amid concerns over Trump's economic policies. Tesla's stock fell to $222.15, down over 54% from its December peak. The Nasdaq Composite index also dropped 4%, marking its largest decline in two and a half years. Protests against Musk's cost-cutting measures and political support have targeted Tesla showrooms. Trump previously criticized electric vehicles, claiming they could harm the US car industry.