Overview

• President Trump purchased a red Model X for $80,000 at full price in March during a White House photo-op to support Elon Musk’s business.
• The relationship soured over Trump’s “Big Beautiful Bill,” with both men exchanging public criticisms of each other’s actions.
• On June 5, Tesla stock plunged more than 14%, wiping out roughly $100 billion in market value before a modest recovery.
• The $80,000 electric SUV remains parked on the White House grounds as Trump considers selling or gifting the vehicle.
• A senior White House official said the president is weighing divesting the Tesla following his escalating dispute with Musk.