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    Home » Trump’s Bold Move: Buys Tesla to Back Musk as Sales Plunge and Controversy Swirls
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    Trump’s Bold Move: Buys Tesla to Back Musk as Sales Plunge and Controversy Swirls

    Jordan BelfortBy Jordan BelfortMarch 19, 2025Updated:March 19, 2025No Comments3 Mins Read
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    Donald Trump shaking hands with Elon Musk in front of a Tesla factory, symbolizing Trump's bold move to support Musk amid declining Tesla sales and ongoing controversies.

    President Donald Trump went car shopping on the White House driveway. He chose a shiny-red Tesla to show support for Musk ‘s electric vehicle company. Currently, it deals with the backlash over his work to advance the president’s political agenda and shrink the federal government. “Wow,” Trump said as he settled into the driver’s seat of a Model S. “That’s beautiful.” Musk climbed into the passenger side and joked ‘giving the Secret Service a heart attack” as they discussed how to start a vehicle that can reach 0 to 60 miles in a few seconds.

    Related Article: Donald Trump’s Net Worth: The Business Empire, Wealth, and Financial Influence of U.S. President

    Trump told reporters he would pay for the car with a $80,000 check and leave it at the White House for his staff to drive around. The president also said he hopes that his purchase will be good news for Tesla, which is struggling with slumping sales and falling share prices. “I think it’s a great product,” he said. Calling Musk “one of the great people of our country,” Trump said “we have to celebrate him.”

    It was the latest and most unusual example of how Trump expressed loyalty to Musk. He spent heavily in support of Trump’s comeback campaign last year. Therefore, Musk has been a significant player in the second administration of Trump. Tesla’s stock price rose nearly 4 percent on Tuesday after falling almost 48 percent since Trump took office in January!

    As Musk becomes a prominent player in the Trump White House, violent attacks on Tesla dealerships grow. The Republican president said overnight on social media that he would buy a new Tesla “as a show of confidence and support for Elon Musk, a truly great American.” Musk still runs Tesla, and the social media platform X and the rocket maker SpaceX, while acting as an adviser to Trump.

    Others have come to Musk’s defense, as well. The conspiracy theorist Alex Jones said he had purchased a customized version of a Cybertruck that he will give away to a customer of his online store next month. On top of Tesla’s troubles, Musk has also confronted issues of his own. He said that X was the target of a “massive cyberattack” that disrupted the social media platform on Monday. Moreover, the last two tests of his Starship rocket ended in explosions.

    But no matter, how practical Trump’s purchase is designed to be, his announcement late Thursday that he was going out and buying a Tesla marked yet another controversy. Many questioning how the president fails to distinguish between private and public interests. Moreover, it’s unusual for Trump to put his own money into giving an ally. Any ally, no matter how vital, a lifeline!

    Musk is the richest person in the world, earning billions on government contracts. He is also holding broad power over Trump’s administration via the Department of Government Efficiency, or DOGE. Moreover, accompanying the president on frequent trips! The White House has occasionally had to play cleanup for a figure like Musk. He, who has never served in public office, has acknowledged that he will make mistakes along the way.

    Read Also: Elon Musk Debuts Grok 3 AI Model: A Major Leap in AI Development

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    Jordan Belfort

    Jordan Belfort is a business and finance writer passionate about helping entrepreneurs and professionals make informed decisions. With a keen eye for market trends and financial strategies, he simplifies complex topics into actionable insights. When not writing, Jordan enjoys exploring new investment opportunities and sharing practical money tips.

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