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Agence France-Presse

US President Donald Trump said on Tuesday he will buy a “brand new Tesla” to show support for his top campaign donor and adviser, Tesla CEO Elon Musk.
“To Republicans, Conservatives, and all great Americans, Elon Musk is ‘putting it on the line’ to help our Nation, and he is doing a FANTASTIC JOB!,” Trump posted on his Truth Social platform just after midnight on Tuesday.
“But the Radical Left Lunatics, as they often do, are trying to illegally and collusively boycott Tesla, one of the World’s great carmakers, and Elon’s ‘baby’, to attack and do harm to Elon, and everything he stands for,” Trump said.
“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.
“Why should he be punished for putting his tremendous skills to work to help MAKE AMERICA GREAT AGAIN???”

Musk, the world’s richest person, responded on his X platform, thanking the president.
Since returning to the White House in January, Trump has empowered Musk to slash federal government spending and agencies’ workforces as head of the so-called Department of Government Efficiency.
But the department’s cost-cutting campaign has faced increasing resistance, including protests, court rulings and some pressure from lawmakers.
While Musk enjoys Trump’s confidence, polling shows the tech billionaire is deeply unpopular among ordinary Americans, and his cuts to government budgets have sparked angry confrontations between Republicans and their constituents at town halls.
And Tesla investors have feared boycotts and buyer backlash over Musk’s actions and close ties to Trump.
Some owners of Tesla’s pioneering electric cars have voiced buyers’ remorse over Musk’s foray into politics, and his sharing of conspiracy theories online.

Unhappy Tesla owners have even slapped bumper stickers on their vehicles claiming they had bought them “before Elon went crazy”.
Tesla shares closed down more than 15 per cent on Monday, as uncertainty over Trump’s import tariffs and threats have left US financial markets in turmoil.
The tech-heavy Nasdaq tanked four per cent owing in part to the plunge in high-flying titans including Apple, Amazon and Tesla.
Tesla has also seen its sales drop across Europe in recent weeks following Musk’s controversial support for far-right groups, including Germany’s AfD during the country’s recent election campaign.
Tesla sales in Germany – Europe’s biggest auto market – plunged more than 76 per cent year-on-year in February, official data showed. Overall sales in the European Union almost halved, on year, in January.

In early March, a dozen Teslas were torched at a showroom in France in what authorities treated as an arson attack, and the firm’s facilities have also been vandalised in the United States.
Tesla has lost more than one-third of its market value since mid-December as Musk deepens his association with Trump.
Meanwhile, Musk said his X platform was hit on Monday by a major cyberattack, raising questions as to whether the politically divisive billionaire is being targeted or his decision to gut staff at what was once Twitter is haunting the social network.


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Donald Trump

Trump to buy a Tesla in show of support for Musk

People protest against Tesla and Elon Musk outside a Tesla dealership in Palo Alto, California. Photo: Reuters

Tesla and SpaceX CEO Elon Musk (left) and President Donald Trump at the White House on February 11, 2025. Photo: TNS

A sticker reading “I bought this before Elon went crazy” on a Tesla car in Berlin. Photo: AFP

A member of the Seattle Fire Department inspects a burned Tesla Cybertruck in Seattle. Photo: AP

Meet Airbnb’s Joe Gebbia, who Trump appointed to Doge alongside Elon Musk: the billionaire once lived like a monk in Japan – now he sits on Tesla’s board

Elon Musk has a new colleague at Doge in Airbnb co-founder Joe Gebbia. Photos: TNS, @joegebs/Instagram

Joe Gebbia (right) at Fortune’s Brainstorm Design conference in Singapore in March 2018. Photo: @joegebs/Instagram

Elon Musk arriving at a government reception in Washington this month. Photo: Reuters

Brian Chesky (left), Nathan Blecharczyk and Joe Gebbia founded Airbnb in 2008. Photo: @trajectoryventures/Instagram

Joe Gebbia speaks at the 2022 Presidents Summit in Copenhagen. Photo: @joegebs/Instagram

Joe Gebbia once lived like a monk in Japan, reportedly. Photo: @joegebs/Instagram

Joe Gebbia speaks at the International Fashion Showcase, London, in 2017. Photo: @joegebs/Instagram

Joe Gebbia during his commencement speech at Brookwood High School’s 2022 graduation ceremony. Photo: @joegebs/Instagram

Trump says 4 bidders in play for TikTok’s US business in deal expected ‘soon’

TikTok’s US business was estimated to be worth as much as US$50 billion last year. Photo: Shutterstock

TikTok chief executive Chew Shou Zi, centre, attends the inauguration ceremony of US President Donald Trump in the US Capitol Rotunda in Washington, DC, on January 20, 2025. Photo: TNS

Elon Musk urges US to ‘delete entire agencies’ from federal government

Elon Musk (left) and US President Donald Trump in the Oval Office at the White House on February 11. Photo: TNS

Elon Musk attend a plenary session at the World Government Summit, in Dubai. Photo: Reuters

Elon Musk (left) and US President Donald Trump in the Oval Office at the White House on February 11. Musk has said that the US under Trump is “less interested in interfering with the affairs of other countries”. Photo: TNS

People in Washington protest outside the USAID building, after Elon Musk said work is underway to shut down the foreign aid agency. Photo: Reuters

Elon Musk says X hit by ‘major cyberattack’

Elon Musk wears a shirt that says ‘Tech Support’ during a cabinet meeting with US President Donald Trump. Photo: AP

Elon Musk has been leading a cost-cutting programme of the US government. Photo: AP

News

World

United States & Canada

Tesla has lost more than one-third of its market value since mid-December as Musk deepens his association with Trump


Tesla has lost more than one-third of its market value since mid-December as Musk deepens his association with Trump.


Trump to buy a Tesla in show of support for Musk

Tesla has lost more than one-third of its market value since mid-December as Musk deepens his association with Trump

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