Elon Musk Says Tesla Will Double US Production in 2 Years After Trump Backs EV Giant Amid Stock Slump

Benzinga

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.

Transcript

00:00It's Benzinga bringing Wall Street to mainstream.

00:02Tesla will double vehicle production in the US within two years, CEO Elon Musk announced on X.

00:07Musk said the move supports the policies of President Donald Trump

00:10and demonstrates confidence in the US economy.

00:13The announcement follows Trump showcasing Tesla vehicles

00:15at the White House and purchasing a Tesla Model S.

00:19Tesla faces backlash over Musk's political ties

00:22with protests emerging in the US and Europe.

00:24European sales dropped 45% in January,

00:28despite overall EV sales rising by over 30%.

00:31Tesla's stock fell over 50% on Monday, raising $130 billion in market value.

00:36For all things money, visit Benzinga.com slash GSTV.

Category

Transcript

Recommended