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usa.taazanewsfactory.com > Blog > Automobile > Trump Supports Elon Musk, Plans to Buy a Tesla Amid Boycott Controversy
Trump Supports Elon Musk, Plans to Buy a Tesla Amid Boycott Controversy
Automobile

Trump Supports Elon Musk, Plans to Buy a Tesla Amid Boycott Controversy

ks1617037@gmail.com
Last updated: 2025/03/11 at 3:31 PM
ks1617037@gmail.com Published March 11, 2025
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In a bold move to show his support for Tesla CEO Elon Musk, former U.S. President Donald Trump announced on Tuesday that he plans to purchase a brand-new Tesla. This statement comes amidst growing pressure on Tesla’s sales and stock prices, largely due to Musk’s involvement in global politics as head of Trump’s Department of Government Efficiency (DOGE).

Contents
Tesla Faces Challenges Amid Musk’s Political InvolvementTrump’s Support Boosts Tesla’s Market PerformancePublic Reaction and Future Outlook

Trump made his announcement through a post on Truth Social, expressing his admiration for Musk. “I’m going to buy a brand-new Tesla tomorrow morning as a show of confidence and support for Elon Musk, a truly great American,” Trump wrote early Tuesday morning.

The former President also criticized what he described as “radical left lunatics” who are allegedly leading an “illegal and collusive” boycott against Tesla. Trump argued that Tesla is one of the world’s best automakers and claimed the boycott was aimed at targeting Musk and his values.

However, it is important to note that consumer boycotts are protected under the First Amendment in the United States. The Supreme Court in 1982 ruled that Americans have the right to protest private businesses legally.

Tesla Faces Challenges Amid Musk’s Political Involvement

Elon Musk’s close association with Trump, especially his role in the government efficiency initiative, has led to backlash against Tesla. Several reports indicate that Tesla vehicles and dealerships have been vandalized, and there have been protests against the company in various parts of the world.

Market analysts have also pointed out that Musk’s political affiliations have negatively impacted Tesla’s market value. On Monday, Tesla’s stock suffered its worst drop since 2020, falling 45% in 2025.

Musk addressed the challenges during an interview with Fox Business on Monday. He admitted that his involvement with the government efficiency initiative was impacting his businesses. “I’m running them with great difficulty because of my high-profile role with this administration,” Musk said.

Also Read: NFL Free Agency Primer: Big Moves Coming for Top Quarterbacks

Trump’s Support Boosts Tesla’s Market Performance

Despite the controversies, Trump expressed his strong support for Musk and Tesla. “Elon is doing a fantastic job and putting everything on the line for America,” Trump stated in his post. This public endorsement seems to have temporarily boosted Tesla’s stock price, which rose by over 1% on Tuesday morning after experiencing a three-day losing streak.

Financial firm Morgan Stanley also released an advisory note to its clients, encouraging them to invest in Tesla following the sharp decline in its stock value.

Public Reaction and Future Outlook

The ongoing political association between Musk and Trump has sparked mixed reactions from the public. While some support Musk’s leadership in the government initiative, others feel his political involvement is harming Tesla’s brand image.

With Tesla’s sales declining in Europe and increasing vandalism of its vehicles, it remains to be seen whether Musk’s political stance will continue to affect the company’s performance. For now, Trump’s open support and his decision to purchase a Tesla appear to have brought temporary relief to the company’s stock.

Stay tuned for more updates on Tesla, Elon Musk, and the evolving political landscape!

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