Donald Trump, the US president, who took to Truth Social to express his support to Elon Musk after a barrage of protests impacted his companies, particularly Tesla, now has stepped his support up.
The 47th US president shared a video of him posing with a Tesla car. This comes a day after Trump said that he is going to buy a brand new Tesla.
Trump was in the company of Tesla CEO, and now his close ally Elon Musk when he was choosing his car. Eventually Trump settled for a Tesla Model S.
All of this came to pass at the seat of power, the White House.
Previously, Trump in a post defending Musk had said, "Elon Musk is “putting it on the line” in order to help our Nation." He also raised the point of many Americans boycotting Tesla for Elon Musk's political activistm, apart from allgedely pushing his influence in the US federal government through his DOGE project.
The Grand Decline
As a result of this photoop, the company shares also jumped after an abysmal day on Monday, when the company sahres dipped by a colossal 15 per cent, in just one trading session.
This decline pushed the value of Tesla stocks by a margin of USD 40.52, taking its overall value to USD 222.15.
Tesla Inc Shares Rise
However, the development from Wall Street was far more positive for Elon Musk and the company that happens to be the biggest contributor to his wealth.
Tesla shares started the day on a higher note at USD 225.30, improving its numbers form th previous day's closing.
The company shares progressed with momentum, witnessing a bit of surge towards the end of the day's trade. The company shares ended the day with gains of 3.79 per cent or USD 8.43.
This took the overal value of Tesla shares to USD 230.58 per piece, far from its 52 week high of USD 488.54, attained barely two months ago.
