US President Donald Trump said he’ll buy a new Tesla to support Elon Musk, after shares of the electric-car maker had their worst day in four years amid a growing backlash over Musk’s political allegiances.
Musk, who spent more than $250 million to help elect Trump and other Republicans and is now the face of the president’s efforts to cut the size of the US government, responded with a simple “Thank you.”
Barry Ritholtz, host of Bloomberg’s “Masters in Business” podcast, expresses his dismay that Tesla bull and Wedbush Securities analyst Dan Ives is only now calling for the Tesla CEO to “step up” and lead the EV giant instead of focusing on his work with the Trump administration and DOGE. Barry speaks with Tom Keene and Paul Sweeney on Bloomberg Radio.
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