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Fortune
Fortune
Sasha Rogelberg

White House says Trump will make good on promise to 'buy a brand new Tesla' as a show of confidence in Elon Musk

Elon Musk Tesla Inc. Donald Trump United States Reid Hoffman Fortune
A man holds a cardboard sign in front of a Tesla storefront that reads, "Boycott Tesla!!" (Credit: PATRICIA DE MELO MOREIRA/AFP—Getty Images)
  • In a middle-of-the-night Truth Social post, President Donald Trump claimed he would “buy a brand new Tesla” Tuesday morning to support its CEO Elon Musk. The EV company saw a 15% slump in shares Monday, totalling a 40% loss since the start of this  year, as it reels from the impact of proposed tariffs and Musk’s close affiliation with the Trump administration.

President Donald Trump will apparently keep his promise to buy a new Tesla, a move he claimed would be in solidarity with CEO Elon Musk amid Tesla’s torrid year.

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