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Tesla extends gains after comments by Trump and Musk

ReutersMar 11, 2025 7:36 PM

Shares of Tesla Inc TSLA.O extending gains on Tues, last up 5% after U.S. President Donald Trump said he would label violence against Tesla dealerships domestic terrorism

Trump's comments follow recent "Tesla Takedown" activist demonstrations against TSLA CEO Elon Musk's spearheading of Trump's Department of Government Efficiency, or DOGE, to slash government expenditure

Speaking at the White House with Trump, Musk said TSLA would double its vehicle output in the United States in the next two years

TSLA was already up over 4% ahead of comments from Trump and Musk

On Mon, Musk said he was running his businesses "with great difficulty" while spearheading DOGE

TSLA shares have tumbled in recent weeks, evaporating a rally late last year that nearly doubled its stock following the November 5 election of Trump

Earlier, Trump said he would buy a new Tesla car to show support for Musk

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