Trump’s message following Elon Musk’s $29 billion loss in a single day

Elon Musk is currently facing significant challenges, particularly as Tesla’s stock has experienced a substantial decline.

Notably, his associate Donald Trump has intervened on Truth Social, asserting that “the Radical Left Lunatics” are attempting to undermine “Elon’s ‘baby.’”

The stock has fallen by more than 50%. This turmoil is linked to erratic movements on Wall Street, largely influenced by Trump’s unpredictable shifts in U.S. trade policy.

Regrettably for Musk, this situation has resulted in considerable financial losses.

Last week, Musk’s net worth decreased by nearly $9 billion due to a sharp decline in Tesla’s stock. By the close of Thursday, the stock had fallen by 6%, erasing $8.8 billion from Musk’s wealth. His fortune has diminished from $464 billion in December to approximately $342.8 billion.

Since December, Tesla’s stock has dropped over 50%, surprising both investors and analysts alike.

In mid-December 2024, the stock was approaching an all-time high of around $480 per share. However, by early March 2025, it had plummeted to about $220, resulting in a loss of over $800 billion in market capitalization — marking the most significant decline Tesla has faced in years.

The recent downturn in Tesla’s stock value coincides with the period during which Elon Musk was active throughout Donald Trump’s presidency. As many are aware, Musk, the founder of Tesla and SpaceX, has been appointed as the head of the newly established Department of Government Efficiency (DOGE). His objective is to minimize costs wherever feasible.

On the surface, his aim is to eradicate what he perceives as unnecessary taxpayer expenditures, and to accomplish this, he has initiated efforts to significantly reduce the federal workforce.

It is evident that Tesla’s decline has impacted Elon Musk deeply. In a recent interview with Larry Kudlow on Fox Business, the Tesla CEO appeared visibly stressed and emotional while discussing the difficulties his companies are encountering.

Musk candidly expressed the challenges of overseeing multiple enterprises, acknowledging that it has become increasingly difficult, particularly as Tesla’s stock experienced its largest drop in over three years.In addition to the challenges it faces, Tesla is experiencing a worldwide decline in electric vehicle sales, which further complicates Musk’s situation.

Despite these difficulties, Musk’s ally, Donald Trump, has not wavered in his confidence in him. On the contrary, Trump has consistently expressed his unwavering support and has made several prominent statements recently to defend Musk.

Donald Trump Transforms the White House into a Tesla Showroom
March 10 proved to be particularly challenging for Musk, prompting President Donald Trump to take to Truth Social to rally his followers in support of Tesla.

“To Republicans, Conservatives, and all great Americans, Elon Musk is ‘putting it on the line’ to assist our Nation, and he is doing a FANTASTIC JOB!” Trump stated. “However, the Radical Left Lunatics are attempting to illegally and collusively boycott Tesla, one of the World’s premier automakers and Elon’s ‘baby,’ in order to undermine him and everything he represents. They tried to do it to me at the 2024 Presidential Ballot Box, but how did that turn out? Regardless, I plan to purchase a brand new Tesla tomorrow morning as a demonstration of confidence and support for Elon Musk, a truly great American. Why should he face repercussions for utilizing his exceptional skills to help MAKE AMERICA GREAT AGAIN?” Trump added.

Despite previously criticizing electric vehicles and claiming they are only “beneficial if you own a towing company,” Donald Trump showcased his support for Elon Musk’s electric vehicle enterprise by transforming the White House into a Tesla Showroom.

On March 11, various Tesla models were displayed as Trump publicly commended Musk and pledged his support for the billionaire’s business.

“I’m going to buy a brand-new Tesla,” at “full price,” Trump informed reporters, emphasizing that “everything’s computer.” What are your thoughts on Trump’s endorsement of Musk? We invite you to share your opinions and spread this story so we can gather more perspectives!