Trump has reportedly decided to sell his Tesla
President Donald Trump is selling the Tesla he purchased earlier this year, according to The New York Times, which cites an anonymous White House official. CBS earlier reported that Trump was considering selling his little red car. (Given how much Tesla prices have dropped in the used car market, he might get a lot less than what he paid for it.)
In March, during an event that turned the White House lawn into a Tesla showroom, the president said he’d buy the $80,000 Model S “as a show of confidence and support for Elon Musk.” But amid a very public feud between the Tesla CEO and Trump, it seems the president plans to symbolically demonstrate their breakup by getting rid of the car.
In perhaps more consequential news, the rift caused Tesla to lose $152 billion in market cap yesterday. Tesla has a lot riding on its CEO’s relationship with Trump, including federal approval of his self-driving cars as well as legislation that could take away the company’s much-needed regulatory credits.
For now, the AFP reports that the car is still sitting in its White House parking spot as of Friday.
In March, during an event that turned the White House lawn into a Tesla showroom, the president said he’d buy the $80,000 Model S “as a show of confidence and support for Elon Musk.” But amid a very public feud between the Tesla CEO and Trump, it seems the president plans to symbolically demonstrate their breakup by getting rid of the car.
In perhaps more consequential news, the rift caused Tesla to lose $152 billion in market cap yesterday. Tesla has a lot riding on its CEO’s relationship with Trump, including federal approval of his self-driving cars as well as legislation that could take away the company’s much-needed regulatory credits.
For now, the AFP reports that the car is still sitting in its White House parking spot as of Friday.
