After experiencing a drop in sales and its worst day on the stock market in five years on Tuesday, Tesla received a ringing endorsement from President Donald Trump, who took to Truth Social to pledge his "support for Elon Musk," promising to buy "a brand new Tesla."

US President Donald Trump announced his intention to purchase a new Tesla, following a significant drop in the electric car company’s stock. Tesla shares plummeted more than 15%, attributed to concerns over production targets and declining sales.

On Thursday, the president said the halted Constitution Pipeline could save Northeast families thousands on their utility bills.

NEW YORK (AP) — Wall Street’s sell-off hit a new low Thursday after President Donald Trump’s escalating trade war dragged the S&P 500 more than 10% below its record, which was set just last month.

Donald Trump is known to be a heavy consumer of television and a close follower of the stock market as a barometer of the economy. Both of those channels appear to be sending the president a clear message when it comes to his faith in tariffs: stop it.

The Dow Jones and S&P 500 tumbled on Thursday, deepening losses suffered since the outbreak of a trade war set off by President Donald Trump's tariffs.

President Trump says the disruption caused by the tariffs "won't be long." NBC News' Aaron Gilchrist has the latest reporting. New York Times chief White House correspondent Peter Baker and MacroPolicy Perspectives LLC founder Julia Coronado join Chris Jansing to explain more on the potential economic impact of a trade war.