US President Donald Trump announced that he considers attacks on Tesla dealers and vehicles as ‘domestic terrorism’ and those involved in such actions will be severely punished. Trump, who faced the cameras with Tesla CEO Elon Musk at the White House, made his support for the electric car manufacturer clear.
Donald Trump did not welcome the attacks on Tesla
After Trump’s statements, Tesla shares increased by 4 per cent. This recovery in shares, which experienced the biggest daily decline in the last five years the previous day, attracted attention. The US President also announced that he will purchase a Model S while examining Tesla vehicles.
Recently, anti-Tesla demonstrations have been increasing across the country. Groups protesting the government due to large-scale cuts in the federal workforce and the cancellation of humanitarian aid funds are organising actions under the name ‘Tesla Takedown’. Last week, a protest of 350 people was held in front of a Tesla dealership, while nine people were detained in demonstrations in New York.
Trump harshly criticised the protesters, saying that those who harm Tesla will be caught and face heavy sanctions. White House spokesman Harrison Fields described the attacks on Tesla as ‘acts of domestic terrorism by radical leftist activists’.
On the other hand, Tesla’s shares have fluctuated in recent months. The company, which reached a market value of $ 1.5 trillion in December 2024, gained value with Trump’s election as president. However, there were sharp losses in share value due to the decline in sales, Elon Musk’s political connections and investors’ concerns.
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