00:00It's Benzinga bringing Wall Street to mainstream.
00:02Tesla will double vehicle production in the US within two years, CEO Elon Musk announced on X.
00:07Musk said the move supports the policies of President Donald Trump
00:10and demonstrates confidence in the US economy.
00:13The announcement follows Trump showcasing Tesla vehicles
00:15at the White House and purchasing a Tesla Model S.
00:19Tesla faces backlash over Musk's political ties
00:22with protests emerging in the US and Europe.
00:24European sales dropped 45% in January,
00:28despite overall EV sales rising by over 30%.
00:31Tesla's stock fell over 50% on Monday, raising $130 billion in market value.
00:36For all things money, visit Benzinga.com slash GSTV.
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