Donald Trump Buys a Tesla, Calls It ‘One of the Greatest Car Companies in the World’

Saudi Arabia: U.S. President Donald Trump has made a bold statement by purchasing a Tesla, showing support for Elon Musk amid declining sales, stock value, and growing protests.

• Trump bought a Tesla to back Elon Musk amid growing boycotts.
• Tesla’s stock has dropped by about $800 billion since its peak last December.
• Sales in Europe, the U.S., and Canada have declined significantly.
• Trump criticized left-wing movements for attempting to harm Musk and Tesla.

Trump’s Tesla Purchase – A Show of Support

Donald Trump has openly supported Tesla and its CEO, Elon Musk, by announcing his purchase of a new Tesla vehicle. This comes amid a major backlash against Musk, leading to boycotts, protests, and a decline in Tesla’s stock and sales.

Speaking on the issue, Trump praised Tesla, calling it “one of the greatest car companies in the world”, and dismissed efforts to damage its reputation.

Tesla Sales and Stock Take a Hit

Tesla is experiencing one of its toughest financial periods in recent history.

• Sales in Europe have fallen by more than a third in the past two months.
• Sales in Canada and the U.S. are also in decline due to ongoing boycotts.
• Protests outside Tesla stores across the U.S. continue to grow.
• Tesla’s stock lost 15% in one day, dropping its value to around $721 billion.

This decline follows an $800 billion drop in Tesla’s market capitalization since its all-time high in December.

The Reason Behind the Boycott

The boycott against Tesla is largely driven by Musk’s perceived pro-Trump stance. His association with Trump’s political influence has led to public outrage, protests, and a movement against Tesla purchases in the U.S. and Europe.

Critics argue that Musk’s alignment with Trump is fueling the backlash, impacting Tesla’s brand image.

Trump’s Response to Tesla’s Struggles

Trump has strongly defended Musk, attacking political groups that he believes are working to bring down Tesla and its CEO. He stated that these groups are trying to "harm Musk economically", just as they attempted to attack him politically before the 2024 presidential election.

Despite Tesla’s current financial troubles, Trump believes the company will recover, reinforcing his public endorsement through his personal purchase.

What’s Next for Tesla?

With Tesla’s sales and stock value plummeting, the company faces a critical period ahead. The backlash against Musk and the political climate will likely continue to influence Tesla’s performance in the market.

However, with Trump’s vocal support, Tesla may gain traction among certain political groups, which could help offset some of the damage caused by the ongoing boycotts.