President Donald Trump recently attended a White House event where he expressed his support for Tesla, the electric vehicle company founded by Elon Musk. A handwritten note with Tesla prices attached to a copy of Trump’s speech revealed a sales pitch with intriguing details.
President Donald Trump recently attended a White House event where he expressed his support for ‘Tesla’ , the electric vehicle company founded by Elon Musk. A photographer captured an image of a handwritten note with ‘Tesla prices attached to a copy of Trump’s speech, which read like a sales pitch.’.
Tesla, Inc. is an American electric vehicle and clean energy company founded in 2003 by Elon Musk, JB Straubel, Martin Eberhard, and Marc Tarpenning.
Under Musk's leadership, Tesla has revolutionized the automotive industry with its innovative electric vehicles, including the Model S, Model X, Model 3, and Cybertruck.
As of 2022, Tesla is one of the leading electric vehicle manufacturers in the world, with over 1 million vehicles delivered globally.
Musk's vision for Tesla is to accelerate the world's transition to sustainable energy through its products and services.
Tesla Prices and Incentives
The note included prices for Teslas, including a Model S that retails for about $80,000. However, it also mentioned that Teslas can be purchased as low as $299/month or $35K . While there are tax incentives available for electric vehicle buyers under the ‘Inflation Reduction Act’ , it’s unclear whether Trump would qualify for them due to his high income.
Trump’s Tesla Support and Its Implications
Trump has increasingly stepped up his support for ‘Tesla’ as a show of support for Musk, who is closely tied with the White House’s new DOGE office. This move comes amid growing protests against the EV company, with some protesters denouncing Musk‘s politics and others vandalizing local ‘Tesla’ showrooms.
The relationship between Elon Musk, CEO of SpaceX and Tesla, and Donald Trump, the 45th President of the United States, has been marked by both praise and criticism.
Initially, Musk expressed support for Trump's presidency, tweeting 'I'm not sure I agree with his views on many things' but also stating 'I think he has a good chance.'
However, as Trump's policies clashed with Tesla's interests, Musk became increasingly critical of the administration.
In 2017, Musk resigned from two White House business advisory councils in response to Trump's handling of the Charlottesville protests.
Tesla Stock Plunges Amid Declining Sales
The company’s stock has taken a beating in recent months, plunging 55% from record highs in mid-December. This decline is attributed to concerns that Musk is spending too much time focused on his White House role rather than his companies. Despite this, Trump remains committed to buying a ‘Tesla’ and has praised the company’s quality and Musk‘s dedication.
A Shift in Trump’s Stance on Electric Cars
This marks a shift in Trump‘s stance on electric cars, which he previously opposed. In a speech last summer, he said he was ‘against everybody having an electric car.’ However, his newfound support for ‘Tesla’ suggests that his views may be changing.
During his presidency, Donald Trump's administration rolled back several 'Obama-era' policies aimed at promoting electric vehicle (EV) adoption.
In 2020, the Environmental Protection Agency (EPA) finalized a rule to revoke California's authority to set its own emissions standards for vehicles, which had been a key factor in EV growth.
The administration also proposed ending tax credits for EV purchases, which had been a crucial incentive for many consumers.
However, some analysts argue that 'Trump's' policies may have inadvertently accelerated the shift towards electric vehicles by highlighting the need for more sustainable transportation options.
