President Donald Trump has once again taken the global realm by sweet surprise. The 47th US president has shown a great gesture of support towards Trump by purchasing a new Tesla car amid widespread anti-Tesla drives that have been wreaking havoc across the US. The event scheduled at the White House, where the president was seen praising Elon Musk and his Tesla company, labeling rising anti-Tesla drives as acts of domestic terrorism. Will this development help TSLA stocks find some stability amid rising boycott ordeals? Let’s find out.
Also Read: SEC Delays XRP, Solana, Litecoin, Dogecoin ETFs as Bitwise Launches Bitcoin-Focused ETF
Trump Extends Support to Musk Amid Tesla Backlash
The president of the United States, Donald Trump, has displayed a great show of support for Elon Musk amid rising backlash that his car company has been receiving as of late. Trump has purchased a brand new Tesla car to show support and strength to Musk, adding how his endeavors towards society should be praised and acknowledged holistically.
“Number one, it’s a great product. As good as it gets. And number two, because [@elonmusk] has devoted his energy and his life to doing this. And I think he has been treated very unfairly.”
Number one, it's a great product, as good as it gets—and number two, because @ElonMusk has devoted his energy and his life to doing this and I think he has been treated very unfairly… pic.twitter.com/6qrfwrbT0f
— Donald J. Trump (@realDonaldTrump) March 12, 2025
At the same time, Trump stated how he will be labeling attacks against Tesla as acts of domestic terrorism. He later shared how he knows a few people who have been instigating such acts and will take action against them very soon.
“I will label attacks on Tesla, $TSLA, dealerships as domestic terrorism…. We already know who some of them are; we are going to catch them.”
TRUMP: "I will label attacks on Tesla, $TSLA, dealerships as domestic terrorism…. We already know who some of them are, we are going to catch them." pic.twitter.com/gT32pw09K4
— unusual_whales (@unusual_whales) March 11, 2025
In response to this, Elon Musk made a new revelation at the event, adding how he will be doubling vehicle output in the US within the next two years.
Elon Musk: “As a function of the great policies of President Trump and his administration, and as an act of faith in America, Tesla is going to DOUBLE vehicle output in the United States within the next two years…” pic.twitter.com/g8jY77yxtP
— Donald J. Trump (@realDonaldTrump) March 12, 2025
Also Read: AI Predicts Hedera Price If HBAR ETF Is Approved By May 2025
What Happens To TSLA Stock Now?
TSLA stocks may stabilize over some time now that Trump has promoted Tesla. Tesla chief Elon Musk had also earlier stated how the stocks of his firm will stabilize in the long haul, assuring investors by easing their minds.
Per TipRanks, TSLA is eying $550 in the long haul, which it may achieve in the next 12 months.
“The average price target for Tesla is $333.14. This is based on 36 Wall Street analysts 12-month price targets, issued in the past 3 months. The highest analyst price target is $550.00; the lowest is $120.00. The average price target represents a 44.48% increase from the current price of $230.58.”
Wedbush, in its new note issued on Tuesday, stated how it’s bullish on Tesla’s innovations and technology outlook. TipRanks further states how analysts are currently flashing a hold signal for TSLA.
“Tesla has a consensus rating of Hold, which is based on 12 buy ratings, 12 hold ratings, and 12 sell ratings.”
Also Read: Bitcoin’s Fall Resembles 2017 Crash