President Donald Trump purchased a red Tesla Model S in March 2023 to publicly support Elon Musk. However, following a significant fallout with Musk over tax issues, Trump is now contemplating selling the vehicle, which costs around $80,000. This relationship decline has coincided with a 14% drop in Tesla's stock value, raising concerns among investors. The tensions peaked after a series of public criticisms exchanged between Trump and Musk, reflecting the fallout from their previously supportive alliance.
Since their initial public alliance, President Trump and Elon Musk's relationship has drastically soured, leading Trump to consider selling his Tesla Model S.
Trump had initially bought the Tesla to support Musk, labeling it a 'great product,' but recent tensions have prompted reconsideration of that stance.
The feud escalated when Musk condemned Trump's tax policies, leading to a public exchange where Trump labeled Musk as 'crazy' amid declining Tesla stock.
As Trump's and Musk's relationship deteriorated, Tesla's stock plummeted by 14%, causing significant losses in market valuation and affecting the company's investor confidence.
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