To be clear, he is not the first president to promote cars at home, but perhaps the most obvious
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- On Tuesday, President Donald Trump organized a promotional event for Tesla at the White House.
- Elon Musk accompanied it and the two mainly provided an argument for sale on the car manufacturer.
- Their efforts led to a slight bump in Tesla’s stocks after a few months.
Tesla seems to have a new pop-up location, and it is none other than the White House itself. US President Donald Trump and Elon Musk went to the southern lawn on Tuesday to discuss the company’s electric cars and part of the backlash with which his CEO is confronted. A note run by Trump has even appeared – at least some observers – being a full -fledged sale argument for the American people.
It is not a secret musk and Tesla was exposed more and more, largely due to the political positions of the old. Its role at the Ministry of Government Effectiveness (DOGE) has not exactly smoothed things either. Feeling the opportunity to show his support, Trump went to social networks on Monday evening to make a big statement: he was going to buy a Tesla.
Read: Tesla’s shares collapse in its greatest decrease of 5 years by eliminating $ 800 billion
“I’m going to buy a brand new Tesla tomorrow morning as a demonstration of confidence and support for Elon Musk, a really great American,” he wrote. On Tuesday, the two appeared at the White House with an entire Teslas exhibition hall. An image captured by a press photographer shows that Trump holding a piece of paper that lists each car with its price and stimulates that they are all available with full autonomy and for as little as $ 299 per month or $ 35,000.
Trump praised Tesla and Musk saying: “Because, number one is an excellent product, as good as possible, and the number two, because this man (pointing on Musk) devoted his energy and his life to doing so, and I think he was treated very unjustly by a very small group of people.”
The president also said that he would buy an S model for himself and a cybertruck for his granddaughter. In particular, seated presidents are not allowed to drive, but perhaps Trump could change the rule for himself.
Perhaps the event in the White House was the way of Musk to do some damage control. He seems to have at least pumped the stock. It is more than eight percent today to date.
According to a Wedbush Securities analyst who spoke to Cnn“The Doges efforts have now intertwined Tesla in this storm of brewed political fire. If Musk continues to descend the Doge 110% path and show no attention to Tesla during this turbulent period, the brand’s damage will become more omnipresent. »»
It should be noted that Joe Biden held a press conference of the White House celebrating American manufacturing vehicles – but did not invite Tesla. GM, Ford and Stellantis were all present, although unlike Trump, Biden stopped publicly to buy a specific vehicle.
