Skip to player
Skip to main content
Skip to footer
Search
Connect
Watch fullscreen
Like
Comments
Bookmark
Share
Add to Playlist
Report
Elon Musk Says Tesla Will Double US Production in 2 Years After Trump Backs EV Giant Amid Stock Slump
Benzinga
Follow
3/12/2025
Tesla will double vehicle production in the U.S. within two years, CEO Elon Musk announced on X. Musk said the move supports the policies of President Donald Trump and demonstrates confidence in the U.S. economy.
Category
🗞
News
Transcript
Display full video transcript
00:00
It's Benzinga bringing Wall Street to mainstream.
00:02
Tesla will double vehicle production in the US within two years, CEO Elon Musk announced on X.
00:07
Musk said the move supports the policies of President Donald Trump
00:10
and demonstrates confidence in the US economy.
00:13
The announcement follows Trump showcasing Tesla vehicles
00:15
at the White House and purchasing a Tesla Model S.
00:19
Tesla faces backlash over Musk's political ties
00:22
with protests emerging in the US and Europe.
00:24
European sales dropped 45% in January,
00:28
despite overall EV sales rising by over 30%.
00:31
Tesla's stock fell over 50% on Monday, raising $130 billion in market value.
00:36
For all things money, visit Benzinga.com slash GSTV.
Recommended
0:43
|
Up next
Trump Buys Tesla Model S Plaid, Gary Black Calls Endorsement 'Potentially Huge,' Says It Could Drive Over 1 Million Sales
Benzinga
3/12/2025
0:57
Tesla Stock Gains 2.9% In Overnight Trade As Elon Musk Ends DOGE Government Role
Benzinga
5/29/2025
0:22
Bezos-Sanchez Wedding Brings in $1.1B for Venice
Cheddar News
yesterday
0:47
Trump Plans To Buy A 'Brand New' Tesla To Support Elon Musk As Stock Falls Over 53%, Erasing Nearly $800 Billion In Investor Wealth Since December Peak
Benzinga
3/11/2025
1:27
Here's how consumers are really feeling about the economy
The Street
yesterday
1:03
Tesla Sales Drop In Europe In February, Some Countries Down Over 40%: Is Musk's Political Push Hurting EV Company?
Benzinga
3/5/2025
1:06
Tesla Stock Tumbles Over 5% On Thursday As Elon Musk Continues Intense Attack On Trump's 'Big, Beautiful Bill'
Benzinga
6/5/2025
0:34
Tesla Stock Surges Over 13% In Premarket: What Is Going On
Benzinga
11/6/2024
0:52
Tesla Bull Dan Ives Thinks Elon Musk's EV Giant Could Be Entering A 'Golden Era,' Says 2 Trillion Market Cap 'On The Table'
Benzinga
5/22/2025
0:44
Elon Musk Talks Robotaxi Delay, Nvidia Clusters, And Mexican Gigafactory Postponement Amid Tariff Worries If Trump Wins
Benzinga
7/24/2024
6:56
Could Elon Musk's Political Donations And Endorsements Harm Tesla's Business In The Future?
Benzinga
7/16/2024
0:51
Tesla Recalls Nearly 200K Vehicles To Fix Rearview Issue Amid Earnings Dip And Elon Musk's Wealth Decline
Benzinga
1/26/2024
1:10
Tesla Reportedly Scraps Low-Cost Car Plans, Elon Musk Denies Story
Benzinga
4/5/2024
0:47
Tesla's European Sales Decline For 3rd Consecutive Month Amid China Competition, CEO Elon Musk's Political Controversies
Benzinga
4/2/2025
0:58
Tesla Bull Gary Black Sees Elon Musk's $56B Pay Package Pass 'Easily' At Shareholder Meeting; Expects Stock To Jump 3-5% Over The Next Few Days
Benzinga
6/13/2024
1:11
Elon Musk Took A $113 Billion Hit Over Trump's DOGE Mission- Calls It 'Worth It'
Benzinga
6/11/2025
0:49
Elon Musk Apologizes To 'Long Suffering' Deposit Holders Of New Tesla Roadster, But Says The Delay Is "Cherry On The Icing On The Cake"
Benzinga
10/24/2024
0:57
Elon Musk Hits Out At Tesla Protesters, Says They Profited From Government 'Waste And Fraud' He Cut Using DOGE: 'They're The Recipients Of Wasteful Largesse​'
Benzinga
4/27/2025
1:20
Musk's Endorsement Election Impact
Benzinga
9/17/2024
0:35
Tesla's Deliveries Slide In Q1 Amid Production Setbacks, Political Backlash
Benzinga
4/2/2025
1:03
Elon Musk Says Tesla Works Closely With XAI - 'You Can Either Be A Spectator…'
Benzinga
6/20/2025
0:39
Tesla Shares Plunge Over 15% in Worst Drop in Five Years. CEO Elon Musk Admits Running Businesses With ‘Great Difficulty’
Benzinga
3/11/2025
1:06
Tesla Loses $1 Trillion Valuation As Shares Plunge 8%— Elon Musk's DOGE Role, Brand Backlash Fuel Sell-Off
Benzinga
2/26/2025
0:39
Tesla Faces 'Terrible' Outlook as Favorability Plummets Among Democrats After CEO Elon Musk Endorses Trump
Benzinga
7/23/2024
1:11
Elon Musk Has 55% Unfavorable Rating In New Poll: How Tesla CEO Could Be Hurting EV Giant's Future Sales
Benzinga
4/1/2025