In a strong show of support for Tesla CEO Elon Musk, U.S. President Donald Trump announced on Tuesday that he plans to purchase a new Tesla vehicle. The move comes as Musk faces increasing political and financial scrutiny, with Tesla experiencing market volatility and backlash over Musk’s close ties to Trump.
Taking to his Truth Social platform, Trump praised Musk’s contributions to the country, calling him a visionary and a patriot. “Elon Musk is stepping up in a big way for our nation, and he’s doing an incredible job,” Trump wrote. “The radical left is trying to sabotage Tesla and attack everything Elon stands for. It’s disgraceful!”
Trump condemned what he described as an “illegal and collusive boycott” against Tesla, suggesting that political opponents are unfairly targeting the automaker due to Musk’s alignment with conservative values. “Why should a brilliant American entrepreneur be punished for using his talents to help Make America Great Again?” he asked.
In an unexpected turn of events since reclaiming the White House in January, Trump appointed Musk to lead the newly established Department of Government Efficiency (DOGE). This agency has spearheaded aggressive budget cuts and reductions in federal workforce spending—moves that have been met with resistance from lawmakers, legal challenges, and public protests.
Meanwhile, Tesla investors have grown uneasy, with the company’s stock plummeting more than 15% on Monday. The drop coincided with a broader market decline, as Trump’s proposed trade tariffs sent shockwaves through Wall Street, contributing to a steep four-percent fall in the Nasdaq.
Compounding the turmoil, Musk reported that his social media platform, X (formerly Twitter), suffered a significant cyberattack on Monday. While some speculate it was a politically motivated strike, others point to Musk’s deep staffing cuts at the company as a potential cause of the platform’s vulnerabilities.
As Tesla faces growing pressure from consumers and investors alike, Trump’s vocal support signals a deepening alliance between the two high-profile figures. Whether his endorsement will help Tesla weather the storm or further polarize the company’s customer base remains to be seen.