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Trump flips stance on EVs after Elon Musk endorsed him and donated millions

  • Elon Musk received Donald Trump's endorsement at a White House event, during which Trump claimed to have purchased a Tesla Model S.
  • Northvolt, a major battery manufacturer, has filed for bankruptcy in Sweden, risking 5,000 jobs, according to Chairman Tom Johnstone.
  • Trump's endorsement comes amidst significant controversy for Tesla, as the company's stock price has fallen more than 50% in three months.
  • Despite endorsing electric vehicles, Trump has expressed hostility toward the Biden administration's EV policies and plans.
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Inside EVs broke the news in on Wednesday, March 12, 2025.
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