Tesla bounced back on Tuesday following its worst day in five years after one of Wall Street’s biggest bulls said it was time to buy the stock — and President Trump pledged to buy a Tesla.

By reviewing the Teslas in public before cameras, Trump ensured that his purchase would get wide attention. Dan Scavino, a White House deputy chief of staff, livestreamed the event on X, the social media app owned by Musk. Trump said he would pay for the vehicle by check.

The automaker’s shares soared after Election Day as Elon Musk took a high-profile role as a Trump adviser. Now those gains have evaporated.

After a slight rebound earlier this week, Tesla's TSLA stock is back to falling, keeping with its recent performance. Even U.S. President Donald Trump's purchase of one hasn’t done much to spark real momentum for the electric vehicle (EV) leader.

The company's CEO and the president talked up its electric vehicles at a news conference outside the White House.