- Title: FILE: Trump says he will buy 'brand new Tesla' to show support for Musk
- Date: 11th March 2025
- Summary: BUTLER, PENNSYLVANIA, UNITED STATES (FILE - OCTOBER 5, 2024) (REUTERS) MUSK SPEAKING AT TRUMP ELECTION CAMPAIGN SHANGHAI, CHINA (FILE - JANUARY 7, 2020) (REUTERS) VARIOUS OF TESLA MODEL 3 VEHICLES ON DISPLAY HOUSTON, TEXAS, UNITED STATES (FILE - JULY 15, 2022) (REUTERS) DRIVER FINISHED WITH CHARGING HER TESLA RED TESLA HOOD WITH TESLA LOGO TESLA CHARGING STATION CHARGING H
- Embargoed:
- Keywords: Musk Tesla Trump
- Location: INTERNET/PALO ALTO, CALIFORNIA/WASHINGTON, D.C./HOUSTON, TEXAS/UNKNOWN LOCATION/BUTLER, PENNSYLVANIA/FREMONT, CALIFORNIA, UNITED STATES/SHANGHAI, CHINA
- City: INTERNET/PALO ALTO, CALIFORNIA/WASHINGTON, D.C./HOUSTON, TEXAS/UNKNOWN LOCATION/BUTLER, PENNSYLVANIA/FREMONT, CALIFORNIA, UNITED STATES/SHANGHAI, CHINA
- Country: US
- Topics: North America,Government/Politics
- Reuters ID: LVA002789411032025RP1
- Aspect Ratio: 16:9
- Story Text: U.S. President Donald Trump said on Tuesday (March 11) he will buy a new Tesla car to show support for the electric carmaker's chief and his ally Elon Musk amid recent "Tesla Takedown" protests and the slump in the company's stock price.
Shares of the automaker rose about 5% in premarket trading, rebounding from the biggest one-day fall in four-and-a half years.
Musk's role in sweeping cuts to the federal workforce at the behest of Trump has led to protests in the U.S. against Tesla.
Last week, dozens of protesters gathered outside a Tesla showroom in Palo Alto, California to condemn the electric car company's owner Elon Musk for his role in spending cuts under the new Donald Trump administration. In Portland, Oregon about 350 demonstrators protested outside a Tesla electric vehicle dealership and nine people were arrested during a raucous demonstration outside a New York City Tesla TSLA.O dealership earlier in March.
Musk is spearheading the Trump administration's so-called Department of Government Efficiency, or DOGE.
In a post on his Truth Social platform, Trump defended Musk, saying he was "putting it on the line" to help the country and was doing a "fantastic" job.
"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 said.
(Production: Pavithra George) - Copyright Holder: REUTERS
- Copyright Notice: (c) Copyright Thomson Reuters 2025. Open For Restrictions - http://about.reuters.com/fulllegal.asp
- Usage Terms/Restrictions: None