Donald Trump’s recent purchase of a Tesla Model S Plaid for White House staff use has sparked significant attention, with investor Gary Black calling the endorsement “potentially huge.” On March 11, 2025, Black, Managing Partner of The Future Fund LLC, stated on X that if just 5% of Republicans who respect Trump’s opinions follow through on purchasing a Tesla, it could result in 1.7 million incremental sales. This figure nearly matches Tesla’s global delivery forecast of 1.8 million vehicles for fiscal year 2025. Trump’s endorsement comes as Tesla’s stock has fallen over 53% since December 2024, erasing nearly $800 billion in investor wealth.
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During a 30-minute White House event on March 12, 2025, Trump selected an Ultra Red Model S Plaid from five Tesla models on display. He insisted on paying full price for the vehicle, stating, “The one I like is that one.” Elon Musk, who attended the event, promoted the Cybertruck’s bulletproof features. Trump praised Musk as a “patriot” and credited him for identifying “billions and billions of dollars of fraud and waste” in government spending. The endorsement comes at a critical time for Tesla, as its shares had tumbled 15% on March 10, 2025, following analyst delivery cuts, but rebounded after Trump’s announcement.
Black’s analysis highlights the potential impact of Trump’s endorsement, noting that 129.7 million U.S. adults likely align with Trump’s views, based on his 49.9% share of the 2024 vote. However, concerns remain about Musk’s involvement with the Trump administration through the Department of Government Efficiency, which some investors believe has distracted him from leading Tesla, SpaceX, X, and xAi. Despite these challenges, Trump’s endorsement could provide a significant boost to Tesla’s sales and brand perception among conservative consumers.
Source: aol.com
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