President Donald Trump announced on social media his plan to purchase a new Tesla as a demonstration of support for Elon Musk. Musk, known for leading efforts to reduce government spending and workforce efficiency as the unofficial head of the Department of Government Efficiency (DOGE), has faced backlash amid Tesla’s plummeting stock prices. Trump lauded Musk’s contributions to the nation and criticized Democrats for attempting to boycott Tesla and undermine Musk’s endeavors.

The Tesla CEO’s controversial initiatives have sparked nationwide protests dubbed “Tesla Takedowns,” with demonstrators expressing opposition to Musk’s influence on government downsizing, social media platform shifts, and federal spending decisions. Cybertruck owners have reported instances of hostility, including offensive notes and gestures from other drivers. Additionally, Etsy offers anti-Elon Musk stickers for Tesla owners to display their disapproval.

Meanwhile, Tesla’s stock has experienced sharp declines, with a 15% drop in one day marking its worst performance since 2020. The company endured seven consecutive weeks of losses, its longest downward streak since its Nasdaq debut in 2010. The situation underscores the challenges facing Tesla amidst public scrutiny and investor concerns.

As the controversy surrounding Elon Musk and Tesla intensifies, the company faces both public backlash and financial pressures, highlighting the complex intersection of politics, business, and public sentiment in the modern era.