Story perspectives
Trump and Musk Unite Amid Tesla Share Surge
9/13/2025
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Story summary
- On March 11, 2025, President Donald Trump and Tesla CEO Elon Musk addressed reporters at the White House.
- Tesla board chair Robyn Denholm defended Musk's political activities, claiming they do not impact sales.
- Tesla's shares increased nearly 7% following a proposed $1 trillion compensation plan for Musk.
- Critics worry Musk's political distractions could harm Tesla's market position.
- Commerce Secretary Howard Lutnick criticized Musk's focus on cutting government waste, urging attention to waste, fraud, and abuse instead.
