Tesla’s stock recovered Tuesday after President Donald Trump issued a strong statement of support for Elon Musk, who has faced increasing hostility over his role in the administration. Tesla had suffered a steep drop in value Monday as critics targeted Musk for his leadership of a federal agency dedicated to cutting wasteful spending. As of 2:15 PM -03 on March 13, 2025, TSLA’s current price stands at $240.147, rebounding from a low of $215.0062 on March 10, according to real-time financial data.
Trump condemned what he called a politically motivated effort to damage Tesla, accusing activists of trying to punish Musk for working to reform the federal government. He declared that Musk was “putting it on the line” for the country and announced plans to buy a Tesla to show his support.
🚨 REPORTERS: Which Tesla did you buy?
TRUMP: This one. And I want that same color. [Red Model S Plaid]
REPORTERS: How are you paying?
TRUMP: I'll give him a check. I do it the old fashioned way […] And I don't want a discount.
REPORTER: What about a vanity plate?
TRUMP:… pic.twitter.com/XNOnQXd2K0
— Eric Daugherty (@EricLDaugh) March 11, 2025
Tesla's protests appeared to backfire as President Trump's public purchase of Tesla vehicles gained Republican support and boosted morale at the company, prompting Elon Musk to announce plans to double vehicle production and proving that the protests had not slowed Tesla down pic.twitter.com/4zKBBc2wXE
— God's Girl🙏 (@pag_roosevelt) March 12, 2025
Musk, who oversees the Department of Government Efficiency (DOGE), has come under fire from leftist activists who have launched protests against Tesla and even resorted to violent attacks. A Tesla dealership in Oregon was shot at, while another was firebombed. Several charging stations in Massachusetts were also set on fire, adding to the growing list of incidents targeting the company.
POV
When you’re 78 years old and become a model and brand ambassador for one of the world’s most renowned car manufacturers 🔥
(President Trump 🇺🇸 | Tesla Inc.) pic.twitter.com/UN8zmz6lmr
— Mambo Italiano (@mamboitaliano__) March 11, 2025
Adding to Musk’s troubles, his social media platform X suffered a cyberattack Monday, which he described as “massive.” He suggested that it was being carried out by a well-funded group, though no official attribution has been made.
Despite these challenges, Musk remains committed to his role in the administration’s push to reform the government. Trump’s endorsement shows that the White House continues to stand by him, even as critics escalate their attacks.
