According to The Kobeissi Letter, Tesla stock ($TSLA) experienced a significant surge, rising over +6% from its overnight low and turning positive. This movement followed President Trump's announcement that he plans to buy a Tesla tomorrow as a gesture of confidence and support for Elon Musk. This event underscores the unpredictable nature of the market.

According to The Kobeissi Letter, President Trump has announced his intention to buy a new Tesla as a gesture of confidence and support for Elon Musk. This announcement comes at a time when Tesla's stock, $TSLA, has experienced a significant decline, dropping 55% from its all-time high.