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Trump's Support for Musk Amid Tesla's Struggles
2025-03-13 10:30:11
Automotive
Business
Companies

Trump's Support for Musk Amid Tesla's Struggles

Image courtesy of : AFP (MANDEL NGAN)

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.

Related news on that topic:

Trump's Unwavering Support for Tesla Amid Political Challenges

In recent developments, President Donald Trump has demonstrated strong backing for Tesla and its CEO Elon Musk. His endorsement included purchasing a Tesla Model S, showcasing his support for the electric car manufacturer at the White House. This move comes as Tesla faces plummeting stock prices and vandalism incidents. Trump has vowed to prosecute such violence against Tesla as domestic terrorism. Beyond Tesla, Trump's economic agenda is under scrutiny. His interventions in Musk's business operations, particularly in areas like air traffic control and labor diversity, have sparked debate. Despite these challenges, Trump remains steadfast in his economic policies, including renegotiating trade agreements like the USMCA. Simultaneously, political tension mounts as the US House of Representatives votes on a temporary budget to prevent a government shutdown. The vote reflects the broader political landscape, where Republicans push for an interim budget amidst concerns of funding Trump's agenda. As the Senate prepares to vote, the potential impact on federal employees looms large. Trump's relationship with Tesla and his broader economic strategies highlight the intricate balance between supporting American businesses and navigating political pressures.

The Troubling Alliance of Trump and Musk

The relationship between Donald Trump and Elon Musk is increasingly controversial, marked by significant political and business implications. Musk's role in the Trump administration, particularly in the Department of Government Efficiency (DOGE), has led to widespread criticism and protests. Critics argue that Musk's push for efficiency has resulted in massive job cuts and miscalculations, exacerbating tensions within the government and the public. Protests against Musk have intensified, highlighting dissatisfaction with his leadership and the impact on Tesla’s sales and stock prices. Prominent figures, including ex-Apple leader Steve Wozniak, have publicly condemned Musk's tactics, accusing him of bullying and mismanagement. Despite the backlash, Musk remains committed to his DOGE initiatives, facing scrutiny over their effectiveness and ethical implications. This alliance between Musk and Trump raises questions about governance and corporate responsibility, as both figures navigate a landscape fraught with public dissent and economic challenges.

Read 11 more recent news on this topic

The press radar on this topic:

Frankfurter Rundschau
13. März 2025 um 04:58

From President to Car Dealer: Trump Calls Musk Protesters Domestic Terrorists

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US President Trump refers to protesters against Elon Musk's Tesla as domestic terrorists. The electric car company's CEO is experiencing a crisis with declining sales and stock losses of over 50%. Trump is selling his own red Tesla Model S, which he will leave at the White House for his employees. His purchase is a sign of his support for Musk. Talk show host Jimmy Kimmel also makes fun of Trump's new role as a used car dealer. The leadership of the Department of Government Efficiency and mass..
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This event is part of the political dynamics between the USA and Ukraine. Elon Musk was present at the presentation of his company Tesla in front of the White House. The presentation served as a gesture of support for Musk by US President Donald Trump. He used the opportunity to highlight his friendship with Musk and to praise Tesla on a variety of aspects. Former President Joe Biden was portrayed as a contrast to Trump, who allegedly does not need notes to discuss important topics.
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Elon Musk, CEO of Tesla, has falsely accused Valerie Costa, a co-founder of Troublemakers and activist, in response to the growing Tesla Takedown movement - a decentralized, people-powered protest against Tesla and its ties to the Trump administration's policies, which aim to slash social security, Medicare, unemployment insurance, and food stamps. Despite the harassment, the movement continues to gain momentum globally, causing a significant drop in Tesla's stock value.
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Donald Trump buys a Tesla from Elon Musk, who has to deal with lousy stock prices, protests, and Steve Bannon. How long will the president still stand by him?
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