Trump Promotes Tesla at White House, Boosting Stock After Sharp Decline

President Trump endorses Elon Musk and commits to purchasing a Tesla Model S Plaid, leading to a 3.8% stock rebound after a steep drop.

President Donald Trump hosted Tesla CEO Elon Musk at the White House, showcasing several Tesla models and announcing his purchase of a Tesla Model S Plaid.
Trump praised Musk as a 'patriot' and defended him against critics, citing his contributions to reducing government waste through the Department of Government Efficiency (DOGE).
Tesla's stock rebounded by 3.8% on Tuesday, following a 15% drop on Monday, as analysts had slashed delivery projections amid investor concerns about Musk's focus on politics over his companies.
Trump's endorsement was described by some analysts as potentially significant for Tesla's sales, with predictions that it could influence millions of Republican voters to consider purchasing Tesla vehicles.
The event drew criticism for potential conflicts of interest, as Musk holds a prominent role in the administration while continuing as Tesla's CEO, raising ethical concerns about the overlap of business and government interests.