Connect with us

CELEBRITY

“Tesla’s Troubles: Trump’s White House Visit Can’t Save Musk’s Sinking Stock!”

Published

on

As Tesla’s bottom line continues to slide downward, Elon Musk on Tuesday received maybe an unsurprising endorsement from a potential new owner of one of his EVs: President Donald Trump.

Musk, joined by his 4-year-old son X, delivered three Tesla models, including a Cybertruck, to the White House Tuesday afternoon, just hours after Trump, who does not currently drive, vowed to buy one to support Musk.

“I just want people to know that you can’t be penalized for being a patriot,” Trump told reporters during a photo op with the cars and Musk. “People should be going wild, and they love the product.”

The president got into the seat of one the cars and claimed that he was going to buy one of the cars and leave it at the White House for his staff to use.

“I’m going to let people at the place use it, and they are all excited about that I’m not allowed to use it,” he said.

Trump’s announcement came as Tesla has been taking a massive hit over the last two months, including recent protests and slumping sales overseas.

Stock in the company has dropped every week since Musk went to Washington, wiping out more than $700 billion in market value. And Musk’s personal net worth has dropped $148 billion since Inauguration Day, according to the Bloomberg Billionaire Index.

“This means a lot, and also thank everyone out there who is supporting Tesla,” Musk said.

Trump previously criticized EVs, claiming that they are too costly, inefficient and not in demand.

However, he admitted in August on the campaign trail that he had to change his tune after Musk endorsed his candidacy.

I’m for electric cars. I have to be because Elon endorsed me very strongly,” he told a crowd at a rally.

However, since taking office Trump has vowed to end federal incentives for EV purchases and signed an executive order that undid President Joe Biden’s goal to have half of all cars sold in 2030 be an EV.

It is an unspoken rule that current and former presidents aren’t allowed to drive on open roads

Just In: Rihanna, Global Music Icon, Welcomes Twin Babies in a Joyous Celebration of New Life!...SEE PHOTOS ⬇️
CELEBRITY18 hours ago

Just In: Rihanna, Global Music Icon, Welcomes Twin Babies in a Joyous Celebration of New Life!…SEE PHOTOS ⬇️

CELEBRITY18 hours ago

Just In: Rihanna, Global Music Icon, Welcomes Twin Babies in a Joyous Celebration of New Life!…SEE PHOTOS ⬇️

15 mins ago Taylor swift just broke up with Travis Kelce over an argument which...Read more
CELEBRITY7 days ago

15 mins ago Taylor swift just broke up with Travis Kelce over an argument which…Read more

NFL7 days ago

15 mins ago Taylor swift just broke up with Travis Kelce over an argument which…Read more

BREAKING:Sha’Carri Richardson Reportedly Accepts $50 Million Deal From Adult Entertainment Company for Controversial Video Project — Details Inside here
NEWS7 days ago

BREAKING:Sha’Carri Richardson Reportedly Accepts $50 Million Deal From Adult Entertainment Company for Controversial Video Project — Details Inside here

JUST IN: “21 Photos of WNBA Star Angel Reese and Jada Thorpe Both Spotted at Florida-Maryland is Breathtaking and Turning Heads”…More Photos
NEWS7 days ago

JUST IN: “21 Photos of WNBA Star Angel Reese and Jada Thorpe Both Spotted at Florida-Maryland is Breathtaking and Turning Heads”…More Photos

Breaking News: Sean “Diddy” Combs has formally declined a last-minute plea deal ahead of his federal sex trafficking and racketeering trial, which is set to commence with jury selection on May 5, 2025….Read More
CELEBRITY7 days ago

Breaking News: Sean “Diddy” Combs has formally declined a last-minute plea deal ahead of his federal sex trafficking and racketeering trial, which is set to commence with jury selection on May 5, 2025….Read More

"Selena is so insane" Benny Blanco says Selena Gomez waited outside his house 30 minutes before dates which made him feel... see more
CELEBRITY1 week ago

“Selena is so insane” Benny Blanco says Selena Gomez waited outside his house 30 minutes before dates which made him feel… see more

Cowboy Carter: Beyoncé’s Daughter Rumi, 7, Makes Rare Appearance During Live Show with Mom as Big Sister Blue Ivy, 13, Towers over Both...see more
CELEBRITY1 week ago

Cowboy Carter: Beyoncé’s Daughter Rumi, 7, Makes Rare Appearance During Live Show with Mom as Big Sister Blue Ivy, 13, Towers over Both…see more

Just In:The midst of swirling controversies and headlines that won’t let go, embattled NFL star Travis Kelce has just made a play no one saw coming—dropping to one knee and sealing his love story with a diamond that could blind...see more
CELEBRITY1 week ago

Just In:The midst of swirling controversies and headlines that won’t let go, embattled NFL star Travis Kelce has just made a play no one saw coming—dropping to one knee and sealing his love story with a diamond that could blind…see more

Beyoncé's Cowboy Carter Tour Just Kicked Off, and You Must See These 10 Photos — Complete with Blue Ivy and Rumi Cameos
CELEBRITY1 week ago

Beyoncé’s Cowboy Carter Tour Just Kicked Off, and You Must See These 10 Photos — Complete with Blue Ivy and Rumi Cameos

JUST IN: Amber Rose reveals that Kanye West wants other men to want to F*** his woman. He has this absurd craving for...see more
CELEBRITY1 week ago

JUST IN: Amber Rose reveals that Kanye West wants other men to want to F*** his woman. He has this absurd craving for…see more

Copyright © 2025