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It was an unusual scene in the White House South Law on Tuesday. President Donald Trump held a collection press conference and direct Tesla advertisement outside the White House, with the company’s CEO and head of the department’s performance, Elon Musk – all of this in front of a line of shiny Tesla vehicles.
This scenario was the most notable because recently Tesla shares have suffered a rapid decline, which has erased all its benefits since the election day as the rising political profile and the move to reduce the federal government have reduced a huge response and European sales.
Tesla stocks rose on Tuesday, saying Trump said he would name any violence against Tesla dealership for domestic terrorism.
This is another symbol that is integrated Musk’s business is with the US government because his alliance with Trump pushes his plans. And as Tesla stock flooders, it seems that the president has occupied himself to encourage the sale of electric vehicles.
Tesla’s shares closed at 3.8 percent on Tuesday, which is regaining some land from Monday’s losses.
In the White House on Tuesday, Trump said he would buy a Tesla and bought a cyber truck for his granddaughter.
Trump said, “I think that (musk) has been treated very unfairly by a very small group of people, and I just want people to know that they cannot be punished because they are patriotic,” Trump said, because the violence against Tesla and the country is violent.
Trump posted on the truth social Overnight He was going to buy a new Tesla yesterday morning, which was really a demonstration of trust and support for a great American, Elon Musk. “ Boycott against illegal company.
Immediately after the 2024 elections, Musk was never too rich, thanks to the rise in Tesla stock, investors have made a condition that the Musk government will affect the power of the power vehicle in the ways that will benefit the company.
Instead, Trump’s prices threats have sent the stock market like a roller coaster, and on Monday, Tesla lost 15 % of her price. This year, its stock was about 45 % lower, which has wiped out all its benefits since November.
The reason for this is due to the decline in sales in Europe, as well as the Musk’s outstanding role in Trump’s administration.
“Now Dodge’s efforts have entered Tesla into this enthusiastic political volcano,” said Note, an analyst in VDS Securities. “If the Musk goes to the Dodge Path 110 % during this tumultuous time and pays no attention to the Tesla, then the damage to the brand will become more wide.”
But some analysts are still hopeful on Tesla. Wadebish said in a note on Tuesday that it is still happy with Tesla’s innovation and technology approach and is expected to estimate only 5 % of Tesla’s owners re -buy Tesla due to Musk. And other analysts watched Tesla as an opportunity to buy a dip.
Trump had said he would buy the full price of Tesla.
Trump said, “I don’t want a concession.”
