Trump and Musk organized a Tesla ad at the White House

US President Donald Trump Hosted a Tesla Advertising on the lawn of the White House alongside the CEO Elon Musk. He also wrongly called the boycott against the “illegal” electric vehicle company.

Monday evening, Trump announced that he would buy a new Tesla The next day “as a demonstration of trust” in his loved one Musk Ally, responding to society Craper shares prices. Tuesday morning, Tesla parked five of her vehicles in front of the White House to create a personal exhibition hall for the president.

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Accompanied by musk and His son XTrump promoted Tesla’s cars while continuing to rent its billionaire CEO. The president also revealed that he had previously bought a Tesla Cybertruck for his teenage granddaughter Kai.

“I have a lot of information [about Tesla’s cars]Including the price, “said Trump, brandishing a few pages of notes which, according to him, were given to him on Tesla’s offers.” I want to get a good deal here. “”

Despite this, Trump said he would pay the Grand Prix for his new car. He finally selected a red Plaid Tesla Model S This costs around $ 90,000 after Musk said it was the model he was driving himself.

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Trump also discussed Recent protests which took place outside the Tesla exhibition halls through the United States, some of which have resulted in Vandalism and material damageSaying that he will label violence against concessionaires as a “domestic terrorism”.

“They harm a large American company,” said Trump, calling such demonstrators “garbage”. “These people will go through a big problem when we attract them … You do it to Tesla and you do it to any business, we will catch yourself and you will go through hell.”

There is a Tesla exhibition hall in the White House

In addition to promoting Tesla, Trump also praised Musk himself, calling him an “incredible patriot” and celebrating his work to The Ministry of Government (DOGE).

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“In the time I know him, he never asked me for favor,” said Trump.

It is a striking contrast with the previous statements of Trump on Musk in 2022, when he called the billionaire a “bullshit artist” And allegedly alleged that he had asked for help “on all his many subsidized projects, whether electric cars that do not drive long enough, driverless cars crushing or rockets in nowhere”.

“I could have said:” Fall on his knees and begging “and he would have done it”, Trump Posted on Truth Social at the timedeclaring that Musk would be “worthless” without government subsidies.

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There seems to be much less animosity between Musk and Trump now, despite the story of the latter as Vocal detractor of electric vehicles. Addressing the press on Tuesday, Trump reiterated his incorrect affirmation that he “had ended electricity [vehicle] mandate, “and congratulated Musk for not having called him to complain.

The United States has never had a law forcing that drivers turn to electric cars. However, there were incentives to encourage adoption, This is what Trump eliminated. Trump too Funding interrupted $ 3 billion for an American electric vehicle loading network At the beginning of last month.

However, keeping Trump’s new Tesla Tesla will not be her problem. Trump will not really lead the car itself, as American presidents are not allowed to drive on public roads for security reasons. Instead, the president said he would leave the Tesla in the White House so that his staff can use.

Tesla’s stock has been declining since the inauguration of Trump

Tesla has had her worst day of negotiation since September 2020 Monday, its stock fell by more than 15% to end at $ 222.15. In response, Trump went to his social media platform Social truth That night to declare his support for Musk, as well as her intention to buy a Tesla.

“”[T]He left Radical Lunatics, as they often do, try to boycott illegally and colusively Tesla, one of the great car manufacturers in the world, and the `baby ” of Elon, in order to attack and harm Elon, and all that he represents,” Trump claimed the social truth.

In the United States, it is not illegal for consumers to boycott companies. While Boycotts can be illegal if a group of competitors collectively agrees not to do business with a companySuch restrictions do not apply to individuals. Under the American law, people are authorized to choose whether or not to frequent a company and may decide not to do it as an act of protest. It is protected by the law of the first amendment to freedom of expression.

Tesla’s shares are looking at almost four percent after the drop on Monday, but the overall trend of the company’s action continues to decrease. Although Tesla appreciated a wave after Trump’s electoral victory, Its actions have continued to decrease since the inauguration And destroyed all these gains.

Tesla’s profits dropped by 70% in the fourth quarter of 2024 and Sales have dropped around the world. Even the price of The teslas used fall As drivers would have rejected cars Due to their association with Musk. Despite this, Musk said Tesla on Tuesday on Tuesday intended to double her American production over the next two years.