President Donald Trump announced on social media Tuesday his plan to purchase a new Tesla as a gesture of faith and backing for Elon Musk. The Tesla CEO has been at the forefront of the Trump administration’s initiatives to reduce government expenses and workforce, overseeing the Department of Government Efficiency (DOGE) unofficially. Trump’s statement follows a significant drop in Tesla’s stock price, which has fallen over 40% year-to-date, with a more than 15% decline on Monday alone. Trump expressed admiration for Musk’s efforts, emphasizing his belief that Musk is making a positive impact on the nation. He criticized Democrats for attempting to boycott Tesla and undermine Musk’s work. To show his support, Trump confirmed his intention to purchase a new Tesla as a tribute to Musk’s contributions to making America great. At the same time, protests at Tesla dealerships and a decline in the company’s stock value have underscored the polarizing effect of Musk’s leadership and policies.
