17-03-2025 16:13
Trump to buy Tesla to support Musk
US President Donald Trump will not leave Elon Musk without an income! In the wake of Tesla’s 15% stock drop, Trump has promised to buy a brand-new Tesla. This is an important show of support.
The White House chief has pledged full support for the billionaire entrepreneur. To help the company recover from its stock crash, Trump is ready to buy a new Tesla.
According to Trump, he will purchase a brand-new Tesla to show his trust and support for Musk, whom he calls “a truly great American.” The reason for such a move is that some citizens have launched a boycott against the well-known carmaker.
"Why should he be punished for putting his tremendous skills to work in order to help MAKE AMERICA GREAT AGAIN??????" Trump wrote in an emotional statement.
Tesla’s stock has plummeted 45% since the start of 2025. The company lost all its previous gains after Trump’s victory in the US presidential election. On March 11, Tesla shares experienced their worst crash since 2020, dropping 15% in a single day and briefly hitting $222.15 per share.
As Tesla’s stock value sinks, so does Musk’s fortune. According to the Bloomberg Billionaires Index (BBI), his net worth shrank by $29 billion in just one day.
To make matters worse, some Americans who oppose the head of the US Department of Government Efficiency (DOGE) have resorted to vandalizing Tesla cars, dealerships, and charging stations. Around ten such incidents have been reported in the past few weeks.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
Published 17 March 2025
© InstaFintech Group
© InstaFintech Group
