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Trump helps out bigly and buys a Tesla

(129 Posts)
Wyllow3 Tue 11-Mar-25 12:42:46

This is not major news but honestly, I found this totally bizarre and not without black humour. as in Trump goes to town....

US President Donald Trump has said he will "buy a brand new Tesla" after shares in the electric car firm fell more than 15%.

Trump blamed "radical left lunatics" boycotting the firm to "attack and do harm" to Tesla owner Elon Musk

"However, stock analysts said the main reason for the poor performance of the shares was fear about Tesla meeting production targets and a drop in sales over the past year.
Trump's own economic policies on tariffs are also making investors nervous, analysts said.
US markets slumped on Monday as investors concerned about the economic effects of Trump tariffs sold shares.
This came after the US president hinted at a potential US recession, telling a TV interviewer that the world's biggest economy was in a "period of transition".
Investors fear Trump's tariffs could push up the pace of price rises and hit economic growth as firms pass on the costs of bringing goods into the country onto customers.
As part of the sell-off, shares in technology firms dropped, with Tesla stock sinking by 15.4%, while artificial intelligence (AI) chip giant Nvidia, Facebook owner Meta, Amazon, and Google-parent Alphabet also fell sharply"

On Tuesday, Trump took to his Truth Social platform trying to drum up Tesla sales, asking "Republicans, Conservatives, and all great Americans" to support Musk, who has been putting his energies into trying to slash federal government jobs

The rest of the article points out the many other reasons for drops in Tesla sales including

Trump's tariffs could also hurt the manufacturer. Tesla chief financial officer Vaibhav Taneja said in January Tesla parts sourced from Canada and Mexico would be subject to the levies and that this could hit profitability

www.bbc.co.uk/news/articles/cqjdg4x08ylo

Churchview Fri 14-Mar-25 14:48:59

That'll be him and Steve Bannon then.

Frenchgalinspain Fri 14-Mar-25 15:02:56

This Usa presidency is the curse of the century.

Totally a true disaster of horrors.

Allira Fri 14-Mar-25 16:10:37

David49

Churchview

This is a turn up for the books.
www.bbc.co.uk/news/articles/c201z4lv5xxo

"Elon Musk's electric carmaker Tesla has warned it and other US exporters could be harmed by countries retaliating to Donald Trump's trade tariffs."

Musk might get his way, surely he expected reciprocal tarrifs .
Tesla is suffering badly, shares dropping like a stone and cars that aren’t selling - because buyers think Musk is a idiot

I've heard they're in the knock-down BOGOF yard now and still no-one wants one.