Trump Backs Musk with Tesla Purchase as Stock Faces Pressure

Trump Backs Musk with Tesla Purchase as Stock Faces Pressure

By Marcus Delano Thompson

March 14, 2025 at 08:50 PM

Tesla's recent stock market challenges have gained unexpected support from former President Donald Trump, who announced his intention to purchase a Tesla vehicle while defending Elon Musk against critics.

Trump and Musk discussing Tesla stock

Trump and Musk discussing Tesla stock

Tesla's stock has faced significant pressure due to multiple factors:

  • Slowing sales growth amid increasing EV market competition
  • Investor concerns over Musk's divided attention with X (formerly Twitter)
  • Organized boycott efforts stemming from Musk's political statements
  • Market skepticism about Tesla's premium valuations

Elon Musk beside Tesla Model S

Elon Musk beside Tesla Model S

Trump's endorsement of Musk as a "truly great American" could mobilize conservative support for Tesla. The former president blamed "Radical Left Lunatics" for orchestrating opposition against Musk and Tesla, potentially turning the company's challenges into a political rallying point.

Musk and Trump in conversation

Musk and Trump in conversation

This development highlights Tesla's evolving position in America's political landscape. The company, once primarily associated with environmental innovation, now faces scrutiny over its CEO's political stances and public statements.

White Tesla parked in California

White Tesla parked in California

Despite these challenges, Tesla maintains its position as a leader in EV technology and innovation. The company continues to advance in AI, robotics, and autonomous driving, though it must now balance its technological ambitions with increasing political attention.

Tesla logo black

Tesla logo black

As Tesla navigates these complex dynamics, its success may increasingly depend on managing both market expectations and political relationships while maintaining focus on technological innovation and market leadership.

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