News In Brief Business and Economy
News In Brief Business and Economy

Donald Trump Purchases Tesla to Back ‘Patriot’ Elon Musk

Share Us

216
Donald Trump Purchases Tesla to Back ‘Patriot’ Elon Musk
12 Mar 2025
5 min read

News Synopsis

US President Donald Trump is once again making headlines, this time for his latest move to support billionaire entrepreneur Elon Musk. In a surprising yet symbolic gesture, Trump purchased a brand-new Tesla, carefully handpicked with the assistance of the Tesla CEO himself.

Musk Guides Trump Through Tesla Selection

Musk, who now leads the Department of Government Efficiency (DOGE) under Trump’s administration, arranged an exclusive showcase of Tesla’s premium models for the President. With a lineup of high-performance vehicles at his disposal, Trump carefully examined each option before setting his sights on a striking red Tesla Model X.

Nodding in approval, Trump declared, “That’s beautiful.” His admiration for the vehicle was evident as he took his time inspecting its sleek design and advanced features.

Tesla Stock Rebounds Following Trump’s Endorsement

Following Trump’s high-profile purchase, Tesla’s stock, which had recently suffered its worst day in over four years, saw an impressive recovery. The company’s shares ended the day up by 3.79%, boosted by renewed investor confidence and Trump’s enthusiastic endorsement.

Trump and Musk Inspect the Cybertruck

The duo didn’t stop at just the Model X. Musk led Trump to a Tesla Cybertruck, highlighting its futuristic design and bulletproof exterior. The President, visibly impressed, climbed into the driver’s seat while Musk took the passenger side.

Before taking the vehicle for a spin, Musk jokingly commented, “We’re about to give the Secret Service a heart attack.” The moment added a touch of humor to the otherwise serious occasion.

Musk Commits to Doubling Tesla’s U.S. Production

During the event, Musk made a significant announcement, pledging to double Tesla’s U.S. vehicle production within the next two years. He attributed this decision to Trump’s economic policies, which he believes have fostered a favorable business environment for growth and innovation.

“As a function of the great policies of President Trump and his administration, and as an act of faith in America, Tesla is going to double vehicle output in the United States within the next two years,” Musk stated.

Political Implications of Trump’s Tesla Purchase

Trump’s endorsement of Tesla comes at a crucial time for the company. Since Election Day, Tesla’s stock had been under pressure, largely due to Musk’s increasing political involvement. However, Trump’s public support and his commitment to protecting Tesla’s business interests have provided a much-needed boost.

Adding to the controversy, Trump vowed to classify any attacks on Tesla dealerships as “domestic terrorism,” a statement that has sparked widespread debate.

Trump Teases Tesla Purchase on Social Media

Prior to his big purchase, Trump took to his social media platform, Truth Social, to hint at his upcoming move.

“I’m going to buy a brand-new Tesla tomorrow morning as a show of confidence and support for Elon Musk, a truly great American,” Trump wrote.

The announcement quickly went viral, with supporters and critics alike weighing in on the implications of Trump’s endorsement of Musk and Tesla.

A Strategic Move or a Personal Choice?

While some view Trump’s Tesla purchase as a mere act of support for a fellow businessman, others speculate that it could be part of a larger strategy to align himself with Musk’s growing influence in the tech and automotive industries.

Regardless of the motivations behind the purchase, one thing is clear—Trump and Musk’s alliance is making waves, and the world is watching closely to see what this partnership could mean for the future of both Tesla and American innovation.