Trump's Support for Musk Amid Tesla's Struggles
Amidst a crisis at Tesla, President Trump has publicly declared support for Elon Musk, labeling protesters against the electric car company as domestic terrorists. This endorsement coincides with a significant downturn in Tesla's sales and stock performance, which has plummeted by over 50%.
Trump has taken the unusual step of purchasing a red Tesla Model S, which he plans to keep at the White House for his staff, further solidifying his allegiance to Musk. However, the electric vehicle manufacturer faces mounting challenges, including declining European sales and increasing dissatisfaction among Tesla owners.
Additionally, the political connections between Musk and Trump have sparked controversy, raising ethical questions about presidential endorsements. As Tesla struggles to maintain its market share against rising competition, massive discounts are now being offered to stimulate sales.
The dynamic between Trump and Musk continues to draw attention, reflecting both their intertwined fates and the broader implications for Tesla's future.
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