In a move that has electrified political and financial circles alike, former President Donald Trump has purchased a Tesla, calling the automaker “Elon’s baby.” The surprise endorsement comes amid a turbulent time for Tesla, with its stock price plunging to historic lows.
The White House Driveway Turned Tesla Showroom
The White House driveway briefly transformed into a Tesla showcase, with multiple models on display for Trump to inspect. In front of a gathered press, he admired a red Model S, declaring it “beautiful.” The media frenzy only intensified when Tesla CEO Elon Musk arrived at the event with his young son, further underscoring the moment’s significance.
A Timely Endorsement for Tesla Stock
Tesla (NASDAQ: TSLA) has seen its market value slashed by 50% over the past three months, hitting an all-time low this week. The electric vehicle giant has struggled with supply chain issues, shifting consumer demand, and intensifying competition. Trump’s high-profile purchase, coupled with his public praise of Musk as “a great American,” serves as a morale boost for the company and its loyal investors.
Political and Economic Repercussions
While Trump’s Tesla endorsement might please Musk and his supporters, it has sparked controversy among federal employees recently affected by budget cuts. The Department of Government Efficiency (DOGE), a newly established agency under Trump’s administration, has been responsible for widespread layoffs.
Dr. Peter Kerndt, a former USAID Global Health employee, voiced strong opposition to the president’s purchase. “I will never buy a Tesla,” he stated, citing recent budget cuts that he claims will “cost lives.” His sentiments reflect broader discontent among those impacted by the administration’s policies.
The Bigger Picture: A Political and Corporate Crossroads
As Trump throws his weight behind Tesla, questions arise about the long-term implications of his endorsement. Will it sway public perception and drive consumer interest in Tesla during its financial downturn? More importantly, will Musk’s growing alignment with Trump influence the future of electric vehicles in the U.S.?
With Tesla’s stock under pressure and political tensions high, this unexpected alliance is sure to keep both Wall Street and Washington on high alert.
