On March 11, hours after following the worst ever day of Tesla inventory sell-offs, President Trump introduced on Reality Social that he was going to purchase a model new Tesla.
Hours later, Trump and Musk tried to create a hilariously unethical Tesla industrial exterior the White Home. The corporate delivered 5 autos to the White Home, the place they had been lined up on the South Portico. Trump and Musk then staged a press occasion, live-streamed on Musk’s X, wherein Trump defended and praised Musk, expressed his admiration for the autos, and actually learn a Tesla gross sales pitch:
President Trump holds notes on the pricing of Tesla autos as he delivers remarks on the South Garden of the White Home on March 11.
Photograph: Andrew Harnik/Getty Photos
Trump finally mentioned that he would purchase a crimson Mannequin S. As he climbed into the $80,000 automobile together with Musk, he exclaimed, “Wow, that’s stunning … Every thing’s pc!”
Trump and Musk additionally decried the assaults on Tesla, which the president referred to as a “nice American firm.” Later that day, Trump mentioned he thought his endorsement may rapidly double Tesla’s gross sales. Although Tesla’s inventory worth was up for a few week afterward, there’s thus far no proof of a Trump bump in Tesla gross sales. A number of market analysts continued to opine that Musk’s political actions and alignment with Trump had been doing Tesla extra hurt than good. One of the crucial historically bullish Tesla traders mentioned as a lot in a warning to the corporate: “Tesla is turning into a political image of Trump and DOGE, and that could be a dangerous factor for the model,” cautioned Wedbush analyst Dan Ives. “You suppose it’s serving to, however it’s really hurting.”
