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By Sonam Sheth
Evening Politics Editor
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President Donald Trump on Tuesday appeared to read from a piece of paper detailing Tesla's selling points at the White House.
Why It Matters
Trump has tapped Elon Musk, the head of Tesla and SpaceX, to oversee the Department of Government Efficiency (DOGE).
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What To Know
The note Trump was holding appeared to tout that Tesla is a self-driving vehicle.
"Tesla Pricing," the note said. "Full Self Driving."
Trump's note went on to list the pricing of different Tesla models. The president's comments came after he tapped Tesla CEO Elon Musk last year to oversee the Department of Government Efficiency (DOGE).
The note Trump was holding on Tuesday said that Teslas "can be purchased as low as $299/month or "$35k."
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Trump's announcement came as the stock market tumbled this week amid fears of Trump's tariff threats.
The president acknowledged that the U.S. is going through "a period of transition because what we're doing is very big."
"We're bringing wealth back to America," Trump told Fox News' Maria Bartiromo in a Sunday interview. "That's a big thing. And there are always periods of, it takes a little time. I think it should be great for us."
Trump also conceded that the U.S. will experience some volatility as a result of his policies, telling Bartiromo the country is "going to have a disruption, but we're OK with that."
What People Are Saying
Musk shrugged off Tesla's $16 billion loss on Monday, quoting Monty Python in a Fox Business Network interview: "But look on the bright side! Always look on the bright side of life!"
The White House said in a statement regarding Monday's sell-off: "Since President Trump was elected, industry leaders have responded to President Trump's America First economic agenda of tariffs, deregulation, and the unleashing of American energy with trillions in investment commitments that will create thousands of new jobs. President Trump delivered historic job, wage, and investment growth in his first term, and is set to do so again in his second term."
What Happens Next
Economic turbulence over tariffs is likely just beginning. Trump imposed steep tariffs on Mexico and Canada and increased tariffs on China last week, only to walk them back after they sent markets into a tailspin and sparked reciprocal tariffs from Canada and China.
Trump subsequently said that most goods covered by the USMCA trade agreement—which Trump negotiated during his first term as a replacement for NAFTA—will be granted temporary reprieve from tariffs through April 2. He also included a carve-out for automakers.
Barring another intervention, those tariffs will kick back in next month, as well as additional tariffs on agricultural products that Trump announced earlier.
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