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On Monday, Tesla shares declined by 15%, which is the company’s largest one day loss since September 2020. After this Trump posted in support of Musk and Tesla.
US President Donald Trump has announced that he is about to buy a Tesla car. He said on Tuesday that by doing so, he wants to show confidence and support for Tesla Chief and DOGE chief Ellon Musk. He also described Musk as great American in social media posts. On this, Musk replied by writing ‘Thank You President’.
In fact, on Monday, Tesla shares declined by 15%, which is the company’s largest one day loss after September 2020. Tesla’s shares have fallen by 45% in 2025 so far, causing the benefit to the company after Trump won again in November. Musk’s total assets have also fallen by $ 130 billion since January.
Trump said- Tesla company like your child for Musk
Trump wrote on his social media platform Truth Social- ‘I want to say to all Republican, Conservative and all Americans that Ilon Musk is putting some of his own stakes to help our country and they are doing a great job. Tesla is one of the best companies in the car -making world and it is like Ion’s ‘children’. But crazy cutters are always like back, this time too, they are trying to boycott Tesla illegally so that they can harm Ellon. ‘
Trump said that I was tried to do the same with me in the 2024 election. But what was the result? Tomorrow, at any event I will buy a new Tesla car and show my trust and support for Ellon. They are really great American. They are using their skills fully to make America again great, why should they be punished for this?
Protests continue in the US against the role of Illon Musk in the Trump administration. Demonstrations are taking place outside Tesla factories, service centers across the country. Due to this, sales of cars have decreased. Angry with Musk’s DOGE department’s decision to cut government jobs and budget, people are raising slogans like ‘Ilon will go back’ by standing outside the Tesla showroom.
At the same time, Ilon Musk’s political inclination is also overshadowing Tesla’s sale. Prior to the elections held in Germany in February, Musk had supported the high-south ‘Alternative for Germany’ party, causing Tesla’s registration to fall 70% in the first two months of 2024.
