United States President Donald Trump has shown his support for Elon Musk by announcing his intention to buy a new Tesla car.

As Elon Musk’s electric vehicle company Tesla faces tough times, President Trump declared his plan to support Musk and Tesla by purchasing a new Tesla car. Trump described Musk as a true American who puts his exceptional talent behind the ideal of ‘Make America Great Again.’

“Why should someone be punished for putting their extraordinary talent behind the ideal of ‘Make America Great Again’?” President Trump questioned, to which Musk responded with a “thank you.”

Tesla’s shares have plummeted over 50% from its peak of $490 in December, dropping to as low as $222 yesterday. The company’s market value also decreased from a peak of $1.5 trillion to $850 billion.

The electric car giant faced setbacks due to CEO Musk’s actions and his support for far-right political parties in Europe. Tesla’s sales in Germany had declined by 76.3% annually. Musk had spent over $200 million on Trump’s election campaign.