Trump says he will buy 'brand new Tesla' to show support for Musk
Published On Mar 11, 2025, 1:50 AM
Former President Donald Trump announced his intention to purchase a new Tesla vehicle to express support for CEO Elon Musk amid a context of protests against the company and a significant decline in Tesla's stock price. Despite protests stemming from Musk's political affiliations and initiatives, shares of Tesla rebounded slightly in premarket trading. Trump's statement emphasizes Musk's contributions to national efficiency, which has caused criticism from various quarters.
Stock Forecasts
TSLA
Positive
The announcement from Trump may lead to short-term positive sentiment for Tesla, particularly among investors who align with Trump or view his support as a catalyst for brand loyalty. However, the underlying issues affecting Tesla's stock price, including sale declines and political controversies regarding Musk, remain significant.
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