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Investing.com -- President Donald Trump announced on Tuesday that he will classify acts of violence against Tesla (NASDAQ:TSLA) dealerships as domestic terrorism. This statement was made during a joint appearance with Tesla CEO Elon Musk, in a show of support amidst ongoing "Tesla Takedown" protests and a downward trend in the company’s stock price.
In his remarks at the White House, Musk revealed plans to double Tesla’s vehicle production in the United States over the next two years. This announcement was made in the context of the recent challenges faced by the company, including protests and stock price decline.
In an effort to boost sales, Trump expressed his hope that purchasing a Tesla would stimulate the company’s sales. The president’s supportive stance towards the electric car manufacturer comes at a time when Tesla is facing significant backlash from the "Tesla Takedown" protests.
Musk has also confirmed his intention to continue serving as an adviser to President Trump, stating he will remain in the role as long as he deems it beneficial.
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