According to News24, Former U.S. President Donald Trump announced he would buy a new Tesla to support CEO Elon Musk amid stock declines and protests against the company. Tesla shares dropped over 15% following a UBS forecast cut, exacerbated by broader market fears. Musk, now a senior advisor in Trump’s administration, faces criticism for his involvement in government job cuts. Investors remain divided on Tesla’s valuation, as its stock is largely tied to Musk’s ambitious robotaxi and AI promises rather than current vehicle sales. Despite declining profits and increased competition, Tesla’s market value remains significantly higher than other automakers.
Poll Question: What do you think about Trump’s decision to buy a Tesla in support of Elon Musk?
