Trump May Sell Tesla Following Dispute with Elon Musk
Donald Trump is reportedly contemplating selling a Tesla electric vehicle he purchased earlier this year in a gesture of support for Elon Musk. This development follows a highly publicized dispute between the former US President and the tech billionaire.
Tensions Impact Tesla’s Stock Performance
The bright red Tesla, valued at approximately $80,000, has been parked on the White House grounds since the dispute emerged. Tesla's market value suffered a sharp decline, with shares dropping over 14% in one day, erasing around $100 billion in market capitalization before rebounding slightly.
Background of the Purchase and Fallout
Trump, who does not drive while in office, bought the vehicle in March to demonstrate support for Musk, one of his significant financial backers. At that time, Trump praised the vehicle publicly and criticized what he described as "Radical Left" attacks targeting Musk and his companies.
Several White House aides also showcased the Tesla, sharing images on Musk’s social platform showing them with the vehicle, including communications advisor Margo Martin’s post captioned "Taking President Trump's Tesla out for a ride."
Political Rift and Musk’s Criticism
The Tesla has since become a symbol of the growing divide between Trump and Musk. The tension escalated when Musk, who previously served as Trump's Chief of the Department of Government Efficiency, called Trump’s flagship budget and policy initiatives an "abomination." Following this, Trump expressed his disappointment with Musk and threatened to terminate government contracts involving Musk's companies.
Possible Sale of Tesla Vehicle
A senior White House official confirmed that Trump is actively considering selling or giving away the Tesla. The decision reflects the broader political and personal fallout that has strained their once-ally relationship.
Key Highlights
- Trump purchased the Tesla in March 2025 as a show of support for Musk.
- The vehicle is a red electric model retailing around $80,000.
- Tensions between Trump and Musk intensified after Musk’s criticism of Trump’s budget plan.
- Tesla stock plunged over 14% amid the dispute, temporarily erasing $100 billion in market value.
- Trump is currently considering selling or giving away the Tesla following the fallout.
The situation underscores the volatility in alliances between political figures and business leaders, particularly when public disagreements arise over policy and business decisions.
