Donald Trump's falling out with Elon Musk has led to the president considering selling or giving away his red Tesla, which he purchased in March for $80,000. The Tesla in question is reportedly a Model S, although some sources mention it might be a Model X. Trump had bought the car as a gesture of support for Musk during a time when Tesla's sales were struggling. The vehicle is currently parked at the White House and hasn't been driven by Trump, as presidents are typically disallowed from driving by the Secret Service.

Background of the Feud

The spat between Trump and Musk began when Musk harshly criticized Trump's major tax bill, calling it an "abomination". This led to Trump expressing disappointment in Musk and threatening to cancel government contracts with Musk's companies, including SpaceX.

Impact on Tesla

The public feud resulted in a significant drop in Tesla's stock price, with a 14% decline on Thursday, wiping out $100 billion in market value. However, shares started to rebound on Friday.

Trump's Decision

A senior White House official confirmed that Trump is seriously considering parting ways with the vehicle, stating, "He is thinking about it, yes." The official also mentioned that Trump has no plans to have further contact with Musk ¹ ² ³.