Trump Defies Boycott Against Musk and Announces Purchase of a Tesla

• Musk: Trump Buys Tesla in Support of Elon
• Protests against Tesla intensify.
• Tesla shares plummet dramatically.

The President of the United States, Donald Trump, criticized the «boycott» against Elon Musk and Tesla this Tuesday, whose stock has plummeted drastically, and promised to buy one of the company’s electric vehicles as a show of support for the mogul.

«To Republicans, conservatives, and all Americans. Elon Musk is risking everything to help our nation and is doing a FANTASTIC JOB. But the lunatics of the radical left, as they often do, are trying illegally and in coordination to boycott Tesla, one of the great vehicle manufacturers and Elon’s ‘baby’,» Trump stated on Truth Social.

«I will buy a new Tesla tomorrow morning to show confidence and support for Elon Musk, a great American.

Why is he being harmed for putting his tremendous talent to work to Make America Great Again?», added the president.

Tesla in free fall: Musk loses billions as uncertainty grows

Trump’s statement came amid a sharp decline in the value of Tesla’s shares, which have lost more than 50% since their peak in December.

Musk’s fortune has also taken a significant hit, shrinking by about $70 billion over the last month, according to the Bloomberg Billionaires Index.

Tesla customers have expressed their discontent with Musk on social media, with some selling or trading their vehicles for other brands in protest against the magnate.

Confusion about Trump’s tariff strategy and its impact on the economy has created uncertainty in the markets, fueling fears of a potential recession in the United States.

In this context, Trump’s public support for Musk has elicited mixed reactions.

While some see his support as a gesture of confidence in the automotive industry, others interpret it as an attempt to politicize the situation and strengthen his alliance with the tech magnate.

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Protests against Tesla have gained strength in several cities across the country.

In Portland, Oregon, about 350 protesters gathered in front of a dealership last week, while in New York, nine people were arrested during a similar demonstration in early March.

In response to the criticisms, some Tesla owners have opted to place stickers on their vehicles with messages like «I bought it before Elon went crazy,» trying to distance themselves from the controversy.

Elon Musk, who has maintained a close relationship with Trump, has been a proponent of the governmental cuts pushed by the president’s administration.

His involvement in these policies has intensified opposition against him, impacting the perception of his company.

As the economic situation becomes more uncertain and the debate over Tesla’s future continues to grow, the market remains attentive to both Musk’s and Trump’s moves and their potential impact on the automotive industry and the American economy.

SOURCE: EFE / La Nación.

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