President Trump is considering selling his new Tesla as his scuffle with Elon Musk escalates, a White House official confirmed to Axios.
The big picture: The feud between the president and the billionaire is costing them billions, and Tesla shares specifically dropped 14.3% as of Thursday at a price tag of just under $20 billion for Musk.
Zoom in: Trump in March promoted Teslas on the White House lawn, promising to buy one in support of Musk.
- He ultimately settled on a red Model S.
Zoom out: While Tesla has experienced a decline in sales in recent months as progressive opponents protested Musk’s support for Trump, the company was enjoying an increasingly positive reputation among more conservative consumers.
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