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      Pregnant JHS student killed, head cut off

      Level 100 student at UEW allegedly commits suicide after betrayal by partner

      Former 3-time NPP parliamentary candidate resigns from party over maltreatment

      Former 3-time NPP parliamentary candidate resigns from party over maltreatment

      Pregnant JHS student killed, head cut off

      Adukrom: Boy, 15, murdered after intervening in GHC10 fight

      Ghanaians are suffering due to Nana Addo’s mismanagement, not Covid – Ato Forson

      Tariff hike part of IMF conditionalities – Ato Forson

      All small-scale mining licences no longer valid – GoldBod

      All small-scale mining licences no longer valid – GoldBod

      20 pupils hospitalised in Prampram after taking “Asana”

      20 pupils hospitalised in Prampram after taking “Asana”

      Trending Tags

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      • politics killing
      • Kumasi Metropolitan Assembly
      • Otumfuo @ 20
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      Sarkodie, Darko Vibes,King Promise will perform at Africa Fan Zone at Paris Olympics – French Embassy

      Sarkodie sues Ecobank over lookalike advert

      The gospel music industry is pure evil – Esther Smith

      The gospel music industry is pure evil – Esther Smith

      Gyakie set to release debut album “After Midnight”

      Gyakie set to release debut album “After Midnight”

      Drake helps a group of African kids go viral [Watch]

      Drake accuses UMG & Spotify of scheme to ‘artificially inflate’ Kendrick Lamar’s ‘Not Like Us’

      Piers Morgan apologises to Jay-Z and Beyoncé

      Piers Morgan apologises to Jay-Z and Beyoncé

      Death of Sowutuom-Based Musician: What we know so far

      Death of Sowutuom-Based Musician: What we know so far

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      Ghanaians lose hope in C.K, start Sack C.K campaign on Twitter

      ‘It’s been nearly four years’ – CK Akonnor slams sports ministry over unpaid salary

      I am ‘not hiding’ Black Stars budget – Sports Minister

      I am ‘not hiding’ Black Stars budget – Sports Minister

      Hearts of Oak only cared about themselves – Torric Jebrin on why his Atletico Madrid move failed

      Hearts of Oak only cared about themselves – Torric Jebrin on why his Atletico Madrid move failed

      Inter Allies TD admits players fixed 2021 league match against AshantiGold, insists GFA judged them unfairly

      Inter Allies TD admits players fixed 2021 league match against AshantiGold, insists GFA judged them unfairly

      Hearts of Oak’s ultra-modern secretariat reportedly up for rent?

      Hearts of Oak’s ultra-modern secretariat reportedly up for rent?

      National Chief Imam’s spokesperson criticises President Mahama for removing betting tax

      National Chief Imam’s spokesperson criticises President Mahama for removing betting tax

      Black Stars to play four-nation tournament in England

      Ghana, Nigeria, Jamaica, and Trinidad & Tobago to compete for Unity Cup in London

      Watch highlights of Asante Kotoko’s win over True Democracy

      Watch highlights of Asante Kotoko’s win over True Democracy

      Video: Nigerian boxer slumps in the middle of fight at Bukom Boxing Arena

      Video: Nigerian boxer slumps in the middle of fight at Bukom Boxing Arena

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      HIV infections on ascendancy in Central Region with nearly 4,000 new cases

      I will personally call the GFA to dissolve Kotoko before you take the club to relegation – Otumfuo informs team

      Fante Women Are Perfect Cooks- Asantehene

      Single women contributed more to the spike in HIV/AIDS than men – Study

      34,000 new HIV infections recorded in 9 months – Ghana HIV and AIDS Network

      Ghana’s Chef Smith is the new Guinness World Record holder for cook-a-thon

      I’m very sorry – Chef Smith apologises over Guinness World Records scam

      Ghana’s Chef Smith is the new Guinness World Record holder for cook-a-thon

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        This Ashanti Prince designed and built a signal station in Trinidad for the British in 1883

        This Ashanti Prince designed and built a signal station in Trinidad for the British in 1883

        Songo, the African tribe where children are raised by their uncles

        Songo, the African tribe where children are raised by their uncles

        Manhyia puts a ban on funerals in Asanteman

        Details of the symbol of authority of the Ashanti Region, the Asanteman flag

        The story of the Ghanaian professor emeritus who did not attend secondary school

        The story of the Ghanaian professor emeritus who did not attend secondary school

        The intriguing history of the ancient Egyptian bust that looks like Michael Jackson

        The intriguing history of the ancient Egyptian bust that looks like Michael Jackson

        Meet the African tribe that offers free sex to guests

        Meet the African tribe that offers free sex to guests

        Meet Kobena Sekyi, the educated elite who never wore European clothing

        Meet Kobena Sekyi, the educated elite who never wore European clothing

        This African tribe from Togo and Benin were experts in penis enlargement way before plastic surgery

        This African tribe from Togo and Benin were experts in penis enlargement way before plastic surgery

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        Who is the real Yaa Asantewaa

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      Trump says he will buy a Tesla after stock slump

      Trump says he will buy a Tesla after stock slump

      WASHINGTON, DC - MARCH 11: U.S. President Donald Trump and White House Senior Advisor, Tesla and SpaceX CEO Elon Musk depart after looking at Tesla vehicles on the South Lawn of the White House on March 11, 2025 in Washington, DC. Trump spoke out against calls for a boycott of Elon Musk's companies and said he would purchase a Tesla vehicle in what he calls a 'show of confidence and support' for Elon Musk. (Photo by Andrew Harnik/Getty Images)

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      US President Donald Trump has said he will “buy a brand new Tesla” after shares in the electric car firm fell more than 15%.

      Trump blamed “radical left lunatics” boycotting the firm to “attack and do harm” to Tesla owner Elon Musk.

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      However, stock analysts said the main reason for the poor performance of the shares was fear about Tesla meeting production targets and a drop in sales over the past year.

      ADVERTISEMENT

      Trump’s own economic policies on tariffs are also making investors nervous, analysts said.

      US markets slumped on Monday as investors concerned about the economic effects of Trump tariffs sold shares.

      This came after the US president hinted at a potential US recession, telling a TV interviewer that the world’s biggest economy was in a “period of transition”.

      Investors fear Trump’s tariffs could push up the pace of price rises and hit economic growth as firms pass on the costs of bringing goods into the country onto customers.

      As part of the sell-off, shares in technology firms dropped, with Tesla stock sinking by 15.4%, while artificial intelligence (AI) chip giant Nvidia, Facebook owner Meta, Amazon, and Google-parent Alphabet also fell sharply.

      about:blank

      Tesla’s shares recovered somewhat – rising 3.6% – when US markets opened on Tuesday. Other US tech stocks also regained some lost ground.

      Tesla’s initial drop came after a UBS analyst warned on Monday that new Tesla deliveries could be much lower than expected this year.

      On Tuesday, Trump took to his Truth Social platform trying to drum up Tesla sales, asking “Republicans, Conservatives, and all great Americans” to support Musk, who has been putting his energies into trying to slash federal government jobs.

      Despite his comments, Trump policies so far have been designed to limit electric car sales, including his revoking a 2021 order by former president Joe Biden that half of all car sales should be electric by 2030, and halting unspent government funds for charging stations.

      Trump’s tariffs could also hurt the manufacturer. Tesla chief financial officer Vaibhav Taneja said in January Tesla parts sourced from Canada and Mexico would be subject to the levies and that this could hit profitability.

      Trump said on Tuesday Musk is doing a “fantastic job”, but “radical left lunatics” are “trying to illegally and collusively boycott Tesla” in an effort “to attack and do harm to Elon”.

      “I’m going to buy a brand new Tesla tomorrow morning as a show of confidence and support for Elon Musk, a truly great American,” Trump added.

      Tesla share price graph

      Tesla shares are back to around the level they were before the US election.

      They spiked after Trump’s win as investors bet on Musk’s business benefitting from his backing the president.

      Mr Musk has been heading up the so-called Department of Government Efficiency (Doge), which is not an official US government agency.

      Doge has been trying to make huge cuts to federal funding, and Musk himself has been voicing support for far-right politics.

      His stance has been drawing criticism in the US. About 350 demonstrators protested outside a Tesla dealership in Portland, Oregon, last week, and nine demonstrators were arrested outside a New York City Tesla dealership earlier in March.

      Linsay James, an investment strategist at Quilter Investors, said that although there is “an element” of Elon Musk’s politics “having a brand impact”, there were other reasons for the share price fall.

      Ultimately the drop “comes down to hard numbers”, she said.

      “When we look at new orders, for example in Europe and China, you can see that they’ve effectively halved over the last year,” she said.

      Sales in Europe have fallen sharply this year. Across the continent, they were down 45% in January compared to the same month in 2024, according to the European Automobile Manufacturers’ Association (ACEA).

      There has also been a steep decline in China – a key market – and Australia.

      Other experts have said Tesla is over-valued, so the fall is seen as a correction, while others have pointed to rising competition from some of the Chinese electric vehicle companies.

      Investors are “certainly getting more worried about an economic slowdown too, so the richest-valued companies like Tesla have been hit hardest in recent days”, she added.

      They have also been concerns that Musk has not been focusing on his firms.

      In an interview with Fox Business on Monday, he said he was combining the Doge role with running his businesses “with great difficulty”.

      Alongside Tesla, his businesses include SpaceX, which has experienced serious failures in the last two launches of its giant Starship rocket, and the social media network X, which suffered an outage on Monday.

      source: BBC

      Tags: Donald Trump

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