Elon Musk has been facing a tough time lately, with Tesla’s stock plummeting over 50% since December. This drastic drop has not only shocked shareholders and analysts but also resulted in Musk losing nearly $9 billion. His net worth has taken a significant hit, dropping from $464 billion in December to $342.8 billion.
The reasons behind this decline are complex, but some point to Donald Trump’s unpredictable changes in U.S. trade policy as a contributing factor. Despite this, Trump has come out in support of Musk, defending him against what he calls “Radical Left Lunatics” trying to hurt “Elon’s ‘baby'” ¹.
Musk’s challenges are compounded by his new role as head of DOGE (Department of Government Efficiency), where he aims to cut costs and reduce wasteful spending. However, his emotional interview with Larry Kudlow on Fox Business revealed the toll Tesla’s decline is taking on him.
Trump’s support for Musk goes beyond words. He transformed the White House into a Tesla showroom, displaying various models and publicly praising Musk’s business. Trump even announced plans to buy a brand-new Tesla at full price, calling it a “show of confidence and support” for Musk ¹.
This move has raised eyebrows, given Trump’s previous criticism of electric cars. Nevertheless, his backing of Musk has been unwavering, with Trump calling Musk a “truly great American” who is “putting it on the line” to help the nation ¹.
Many years since I saw Elon almost crying in an interview, it comes to mind when top astronauts called SpaceX failures and he said ‘I’ll never give up’, in tears. I believe he’s close to a breakdown. He’s been taken in the wrong place, IMHO. Politics isn’t his playing field. pic.twitter.com/bR5K2gP53m
— 𝒰𝓂𝒷𝒾𝓈𝒶𝓂 (@Umbisam) March 10, 2025
The internet has been abuzz with reactions to Trump’s support, with some criticizing his use of the White House to promote a private company ¹. What do you think of Trump’s support for Musk?
