Trump says he'll buy a Tesla to support Elon Musk, whose companies are struggling

Politics and GovernmentPolitics and Government

Tue, March 11, 2025

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Trump says he'll buy a Tesla to support Elon Musk, whose companies are struggling

^{Published on 2025-03-11 08:20:47 - CNN}

In a show of support, Trump said early Tuesday morning he would buy a Tesla. "Elon Musk is' 'putting it on the line' in order to help our Nation, and he is doing a FANTASTIC JOB!" Trump said in a post on Truth Social. "I'm going to buy a brand new Tesla tomorrow morning as a show of confidence and support for Elon Musk, a truly great American."

The article from MSN discusses a series of setbacks for Elon Musk's companies. Recently, SpaceX experienced a significant failure when one of its rockets exploded during a test flight, marking a setback in their ambitious plans for space travel and satellite internet services. Concurrently, Tesla, another of Musk's ventures, saw its stock plummet by over 10% in a single day, influenced by concerns over vehicle demand, production issues, and broader market conditions. Additionally, X Corp (formerly known as Twitter), which Musk also owns, has been dealing with operational challenges, including a significant drop in advertising revenue and user engagement following controversial changes in management and policy. These events collectively illustrate a challenging period for Musk's business empire, highlighting the volatile nature of high-stakes innovation and entrepreneurship.

Read the Full CNN Article at:
[ https://www.msn.com/en-us/money/markets/x-went-down-a-spacex-rocket-exploded-tesla-stock-plummeted-musk-s-companies-have-had-it-rough/ar-AA1AGfsi ]

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