President Donald Trump expressed his support for Elon Musk and criticized the boycott against him, highlighting the entrepreneur's "contribution" to the automotive industry and his commitment to the United States.
During an event at the White House, Trump announced the purchase of a Tesla vehicle as a show of support for the company's founder.
"I'm going to buy a Tesla because it is an excellent product, as good as it can be, and because Elon Musk has dedicated his life to this industry," declared Trump. "I believe he has been treated unfairly by a very small group of people," he stated.
Trump praised Musk as a "great patriot" and highlighted his impact on automotive innovation. Furthermore, in light of Musk's growing unpopularity due to his far-right policies, he criticized attempts to economically penalize him, stating that "you cannot punish someone for being a patriot."
He also assured that the Tesla purchased will remain at the White House for use by his team, although he admitted that he himself will not be able to drive it due to security restrictions.
Musk has faced criticism and calls to boycott Tesla due to his political stances and public statements. Previously, Trump had urged citizens to buy vehicles from the brand to counter the recent challenges the company is facing.
Through his social network, Truth Social, Trump praised the most controversial member of his cabinet, responsible for the Department of Government Efficiency (DOGE), for "risking it all" for the benefit of the nation.
He also described the attempts by the "radical left" to boycott Tesla as "illegal and collusive" and announced his intention to buy a Tesla as a show of confidence and support for the billionaire turned "public servant."
This statement comes in a context where Tesla has experienced a significant drop in its stock value, recording a 45% decrease so far this year.
Analysts attribute this decline to Musk's association with far-right policies and his involvement in the Trump administration, factors that have impacted brand perception among progressive consumers and key markets such as California, Europe, and China.
Frequently Asked Questions about Trump's Support for Elon Musk and the Tesla Boycott
Why does Donald Trump support Elon Musk amidst the boycott against Tesla?
Donald Trump supports Elon Musk because he believes he has been treated unfairly by a small group of people. Trump praises Musk for his contributions to the automotive industry and his commitment to the United States, calling him a "great patriot." Additionally, Trump criticizes attempts to penalize Musk financially, stating that one cannot punish someone for being a patriot.
What impact has the boycott against Tesla had on the value of its shares?
The boycott against Tesla has led to a significant drop in its stock value, with a 45% decline so far this year. This downturn is attributed to Musk's association with far-right policies and his involvement in the Trump administration, which has affected the brand's perception among progressive consumers and key markets such as California, Europe, and China.
How has Trump responded to attempts to boycott Tesla?
Trump has called the attempts to boycott Tesla "illegal and collusive" and has urged citizens to buy vehicles from the brand to counter the challenges faced by the company. Through his social network Truth Social, Trump has expressed his intention to buy a Tesla as a show of confidence and support for Elon Musk.
What measures has Elon Musk taken as the director of the Department of Government Efficiency?
Elon Musk has implemented massive personnel cuts to reduce public spending and address cases of alleged corruption. Under his leadership, the Department of Government Efficiency (DOGE) has spearheaded a series of cuts that have resulted in the dismissal of thousands of federal employees. Musk has defended these measures as necessary to reduce fraud and waste in the government.
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