Trump Announces Tesla Purchase to Back Musk Amid Company Challenges

The president pledged his support for Elon Musk and Tesla as the automaker faces stock declines, protests, and criticism over Musk's dual roles in business and government.

President Donald Trump announced his intention to purchase a Tesla vehicle as a show of support for Elon Musk, citing Musk's contributions to innovation and his perceived unfair treatment.
Trump's announcement comes as Tesla faces significant challenges, including a 50% stock decline, protests at showrooms, and criticism of Musk's leadership of the federal Department of Government Efficiency (DOGE).
At a White House event, Musk showcased multiple Tesla models, including the Cybertruck, and highlighted plans to double U.S. vehicle production within two years.
Trump selected a red Tesla Model X as his preferred vehicle but clarified he will not drive it, as sitting presidents are prohibited from driving on public roads.
Musk acknowledged the strain his government role has placed on Tesla and SpaceX, stating he will remain CEO of Tesla as long as it is beneficial.