The President of the United States, Donald Trump, expressed criticism towards the "boycott" that Elon Musk and Tesla are currently suffering, as they face a decline in their stock value. Trump promised to purchase an electric car from Tesla to show his support for the mogul, whom he described as someone who "is risking everything" for his Government. In a message on Truth Social, Trump indicated that Musk's detractors are illegally attempting to boycott Tesla, one of the leading automotive companies, and emphasized his intention to acquire a vehicle from the brand as a show of support.
The American leader, despite not being a fan of electric cars, compared the attacks directed at Musk to those he faced during his 2024 campaign. Tesla's stock has experienced a decline of more than 50% since its peak in December, resulting in a reduction of Musk's fortune by around $70 billion in a month. Despite this, Musk continues to be considered the richest man in the world according to the Bloomberg Billionaires Index.
Some Tesla customers have expressed their dissatisfaction on social media towards Musk, even going so far as to sell or trade their vehicles for models of other brands as a gesture of opposition to the South African mogul. Uncertainty regarding Trump's tariff policies and their impact on the economy has led to a decline in the markets in the past week, while concerns about a potential recession in the United States have increased.
In the midst of this scenario, Trump reiterated his support for Elon Musk, highlighting that the latter is risking a lot to contribute to the nation's progress and praising his outstanding work in this regard.
