$Tesla Motors(TSLA)$ Elon Musk

Elon Musk announced that Tesla plans to double its U.S. vehicle production within the next two years, expressing support for President Donald Trump's policies. This announcement coincided with President Trump's public endorsement of Musk and Tesla, including his commitment to purchase a Tesla Model S as a demonstration of confidence in the company's future.

Currently, Tesla's U.S. production capacity is approximately 1.1 million vehicles, contributing to a global production total of about 1.8 million vehicles in 2024. Details on whether the increased production will involve expanding existing facilities in California and Texas or constructing new factories have not been disclosed. See if this move could turn the pessimistic sentiment on Tesla shares.

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