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Trump says he will buy 'brand new Tesla' to show support for Elon Musk after shares plunge

Tesla shares closed down more than 15% on Monday, as uncertainty over Trump’s import tariffs and threats have left US financial markets in turmoil.



Donald Trump bought a new Tesla to support Elon Musk after Tesla's shares dropped. He announced the purchase on Truth Social, urging support for Musk against boycotts. At a White House press conference with Musk, Trump stated the car would stay at the White House for his staff. Musk announced plans to double Tesla production in the US despite recent market turmoil. Trump also declared that violence related to Tesla protests would be prosecuted as domestic terrorism.

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