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Trump Buys Red Tesla Model S Plaid at White House Amid 45% Stock Drop

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Published Mar 13, 2025, 09:46 PM

President Donald Trump has announced his purchase of a red Tesla Model S Plaid to show support for Elon Musk and Tesla Inc., amid a challenging period for the company marked by a significant drop in its stock value and customer protests. The purchase was made public during a display at the White House South Lawn, where Trump praised Musk and Tesla, stating that the Model S is 'a great product, as good as it gets.' Trump emphasized that he would pay full price for the vehicle and highlighted that Musk has been 'treated unfairly' by a small group of people, yet remains a 'patriot.' Trump's decision to buy the Tesla Model S comes at a time when Tesla's stock has fallen by about 45% since the start of the year, reflecting broader financial difficulties for the company. The president highlighted Tesla's plans to double its production in the United States over the next two years, attributing this to his administration's policies. Despite his enthusiasm, Trump acknowledged that he is not allowed to drive the vehicle himself due to security restrictions placed on U.S. presidents, both current and former. Instead, he plans to have the Tesla, along with a Cybertruck, available for use by White House staff.

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#Donald Trump #Elon Musk #White House South Lawn #Trump #Musk #Tesla #United States #Cybertruck #White House

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Sources

fox29.com(2)thefp.com(2)washingtontimes.com emprendedores.es

The Washington Times

@WashTimes

While the company received a significant boost after President Trump’s election victory in November, Tesla’s stock price has dropped by at least 40% since the start of the year. https://t.co/8s173R4ByW

Emprendedores

@Emprendedores

Tesla shares reached their highest price in mid-December. Elon Musk's Trump drift has caused them to lose half their value https://t.co/dvcsmRx6fp

FOX 29

@FOX29philly

President Donald Trump announced he is purchasing a Tesla Model S to show support for Elon Musk. But despite his enthusiasm, he admitted he “can’t drive it." Here’s why U.S. presidents—both current and former—are restricted from driving on public roads. https://t.co/7zSDnbCgv8

Story Timeline

5 days ago•Latest version

Trump Buys Tesla to Support Musk Amid Stock Drop and Vandalism

5 days ago•Original version

Trump Buys Red Tesla Model S Plaid at White House Amid 45% Stock Drop

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Trump Buys Red Tesla Model S Plaid at White House Amid 45% Stock Drop

Related Prediction Markets

Elon out of Trump administration in 2025?

Elon out of Trump administration before July?

X allowed to operate in China before May?

Who will Trump fire in first 100 days?

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Sources

Story Timeline

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