Since the president Donald Trump He returned to power in the White House, has increased the popularity of the South African magnate Elon Musk, one of the most successful businessmen in the world.
Despite its business success, on Monday, March 10, it was one of the most difficult days in its business career, due to world interruption in the service of social network X (before Twitter) and the fall of sales and shares of Tesla, the electric car company.
In December 2024, one month before the inauguration of the Republican president, each Tesla action had a value of US $ 480 (Q3 thousand 700); However, only two months after the start of the second mandate of the New York, the shares collapsed and currently have a price of US $ 222 (Q1 thousand 710) each.
The company’s actions registered a 15 % drop in just three months and, at present, are at their worst economic moment of the last five years, reflecting the trend of the US market, which is going through a period of uncertainty due to the new policies imposed by Trump.
The sinking of Tesla
Since January 2025, Tesla He began to face a strong decrease in its international sales, because its main markets, Europe and ChinaThey have stopped buying electric vehicles manufactured in the United States. Sales in Europe have decreased by 73 %, while in China 49 %fell.
THE PANORAMA FOR THE COMPANY OF Elon Musk It has been complicated in recent months due to the arrival of new competitors in Asia and Europe, mainly in Germany, whose brands are flooding the electric car market with more advanced technologies and more competitive prices.
In addition, the support of South African to the president Donald Trump has affected the company’s reputation in some sectors of USAto the point that some citizens have vandalized Tesla cars in the streets of the country. Analysts point out that investors are losing confidence in the brand.
Although Musk is still the person With the greatest fortune in the world, the American magazine specialized in finance and business Forbes explained that its foray into the policy of USA “It has not been profitable for South African,” since its fortune has fallen to more than US $ 140 billion since December 2024.
Trump intervenes
Given this situation, the president Donald Trump He mentioned the morning of this Tuesday, March 11 that he was going to buy a Tesla vehicle to demonstrate his support for Elon Musk, whom he congratulated for his “fantastic work”, since his company remains one of the world’s largest car manufacturers in the world.
I’m going to buy a new Tesla as a sample of confidence and support from Elon Musk, a real big American who has been attacked by the lunatics of the radical left, who try to boycott illegally The company.
These statements of the Republican president in the social network Social truth They generated discomfort among dozens of users.