Trump Promises Purchase of Tesla to Back Elon Musk's Venture
In a surprising turn of events, Tesla and its CEO, Elon Musk, have found themselves in the midst of controversy and stock volatility. On September 12, 2025, Musk purchased around 2.57 million Tesla shares worth approximately one billion US dollars, marking his first major purchase in over five years. This move, however, did not go unnoticed and caused the stock to rise significantly.
Despite this boost, Tesla's stock remains under pressure. The company has been facing increasing protests, including vandalism of vehicles and showrooms, both in the U.S. and Europe. Arson attacks have occurred on Tesla Supercharger stations and stores in France and the U.S., adding to the company's woes.
The protests have not gone unnoticed by U.S. President Donald Trump, who announced his intention to buy a brand new Tesla as a show of confidence and support for Musk. Trump has also accused "radical left lunatics" of attempting to harm Musk and his businesses, describing the alleged boycott of Tesla as "illegal and collusive."
Musk, for his part, has responded to the growing threats against his company and employees with a shrug and a laugh, choosing not to directly address the issue. His role in the Trump administration, leading the Department of Government Efficiency (DOGE), has led to criticism from consumer advocates and activist groups.
Investors and analysts express concern about Musk's ability to balance political involvement and effective management of Tesla, SpaceX, Neuralink, and X. In a Fox Business interview, Musk acknowledged the challenges of managing his companies while fulfilling his government role, stating "With great difficulty."
Amidst these challenges, Tesla is still grappling with issues following a cyberattack yesterday. The interview segment following the cyberattack is available to watch here. Musk shared a screenshot of Trump's endorsement post on his social media platform, X.
There are accusations that Musk is leveraging Tesla's success to influence government policy. However, the company's stock price has declined by 15%, indicating that these challenges may be taking a toll on Tesla's performance. The future of Tesla and Musk's role in the Trump administration remains uncertain, as these issues continue to unfold.
