With a YTD loss of nearly 39%, Tesla (TSLA) is the worst-performing constituent of the S&P 500 Index ($SPX). The stock fell almost 30% in February to wrap up its second worst month on record. The only time it fared worse was in December 2022,

The president stated that he would buy one of these cars, whose sales have plummeted in Europe so far this year. Shortly after acknowledging the possibility of a recession, which caused one of the worst days in recent years for the US stock market on Monday,

President Donald Trump purchased a Tesla and thanked the company's CEO, Elon Musk, for devoting “his energy and his life” to helping the Trump administration. Trump appeared with Musk on Tuesday afternoon at the White House.