Overview

• 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.