US President Donald Trump on Monday reiterated his help for tech billionaire Elon Musk and stated the he’s “placing it on the road” to assist the nation.
In a social media publish on Fact Social, Trump accused the “left lunatics” are attacking Musk by illegally and collusively boycotting Tesla.
“To Republicans, Conservatives, and all nice People, Elon Musk is “placing it on the road” to be able to assist our Nation, and he’s doing a FANTASTIC JOB! However the Radical Left Lunatics, as they usually do, are attempting to illegally and collusively boycott Tesla, one of many World’s nice automakers, and Elon’s “child,” to be able to assault and do hurt to Elon, and every part he stands for,” Trump stated.

“They tried to do it to me on the 2024 Presidential Poll Field, however how did that work out? In any occasion, I’m going to purchase a model new Tesla tomorrow morning as a present of confidence and help for Elon Musk, a really nice American. Why ought to he be punished for placing his large expertise to work to be able to assist MAKE AMERICA GREAT AGAIN?” he added.
Musk additionally responded to Trump in a social media publish on X and stated, “Thanks, President Trump.”
US President’s remarks got here after Musk has seen his internet value plunge by an astounding $120 billion in just some weeks. The chief govt of Tesla, SpaceX and X (previously Twitter), who now serves in a senior advisory place throughout the US authorities, has witnessed his wealth lower by roughly 25 p.c for the reason that begin of 2025.
The mixture of Tesla’s declining share worth, rising scrutiny of his political associations, and diminishing shopper curiosity has prompted specialists to query the sustainability of his dominant market place.
Majority of Elon Musk’s wealth discount stems from Tesla’s efficiency. The corporate’s share worth has declined by roughly 35 p.c within the earlier two months, leading to a $400 billion discount in market capitalisation.