Trump Tesla_03112025_1
Donald Trump bought a Tesla at the White House to help the company's stock prices. AFP VIA GETTY IMAGES/MANDEL NGAN

President Donald Trump is reportedly looking to give away or sell the Tesla car he bought to support Elon Musk following their explosive feud on Thursday.

Fox News reported Peter Doocy said the car in question is a Model S that "Trump bought during a Tesla demo on the South Lawn a few months to try and help Elon Musk's business" when cars and showrooms were being vandalized amid protests against his role in the administration.

"We are being told that Tesla is still sitting there — the red Tesla with Florida tags. it's either going to be given away or sold off," Doocy added. Tesla has been heavily impacted by the feud, its stock dropping 14% on Thursday. The stock is down almost 30% this year.

The journalist went on to address a Politico report claiming that Trump aides had scheduled a call with Musk on Friday to try and deescalate the situation, saying "it is not something they are tracking."

Trump himself rejected the possibility of talking to Musk on Friday, telling ABC News that he is "not particularly" interested in doing so. Trump also told the network's Jonathan Karl that Musk has "lost his mind."

Musk had appeared to want to deescalate tensions on Thursday night, taking a more subdued tone while interacting with users on his social media platform, X. "You're not wrong," he said when replying to a post from hedge fund manager Bill Ackman who said the two "should make peace for the benefit of our great country."

The billionaire also responded to an X user who called the back and forth a "shame." "You are both better than this. Cool off and take a step back for a couple days." "Good advice. Ok, we won't decommission Dragon," Musk replied, a reference to the spacecrafts that are the only U.S. option for delivering crew to and from the International Space Station.

The alliance began to fracture with the introduction of the "One Big Beautiful Bill," a comprehensive tax and spending package aimed at extending tax cuts and increasing funding for infrastructure and defense. While the bill aligned with Trump's agenda, it included provisions that phased out electric vehicle (EV) tax credits, a move that directly impacted Musk's businesses.

Musk publicly denounced the bill, labeling it a "disgusting abomination" and criticizing its potential to inflate the national deficit by $2.5 trillion. He argued that the legislation favored traditional energy sectors by maintaining oil and gas subsidies while undermining the EV industry.

Trump has continued standing by the bill, leading to the clash on Thursday, when Musk called for Trump to be impeached and replaced with Vice President JD Vance, and claimed that the president is in the Epstein files. Trump, in turn, floated terminating "his billions in subsidies."

© 2025 Latin Times. All rights reserved. Do not reproduce without permission.