Tesla Shares Surge on Trump's Support

In a surprising turn of events, Tesla Inc. witnessed a 3% surge in its premarket trading shares this Tuesday. This boost came after United States President Donald Trump publicly defended the company and its CEO, Elon Musk, and even pledged to purchase a brand-new Tesla vehicle. This endorsement comes at a crucial time for Tesla, which has been facing significant challenges, including a sharp decline in sales and stock prices due to Musk's controversial statements and his involvement with the Trump administration.

Challenges and Controversies

Despite the recent uplift, Tesla's journey has been anything but smooth. The company has seen a 32.37% drop in its stock value over the past month and a staggering 45% decrease this year. President Trump attributed these struggles to the actions of 'Radical Left Lunatics,' accusing them of orchestrating an illegal and collusive boycott against Tesla. As of 6:53 am ET, Tesla's shares were up by 2.31%, offering a glimmer of hope amidst ongoing controversies.