President Donald Trump made headlines after voicing support for Tesla and CEO Elon Musk during a White House event. Trump admired a red Tesla Model S and expressed interest in purchasing one for himself and gifting a Cybertruck to his granddaughter. A photo of him holding a handwritten note with Tesla pricing details quickly circulated online.

While Tesla buyers may qualify for federal tax incentives, it’s unclear if Trump would be eligible due to his income. Despite Tesla’s struggles, including a 55% stock drop and declining global sales, Trump defended Musk, praising his work in the electric vehicle industry.