Trump told reporters he would write a check for the car, which retails for roughly $80,000, and leave it at the White House so his staff can drive it. The president also said he hopes his purchase will boost Tesla,

Speaking alongside Tesla's Musk, Trump expressed support amid recent "Tesla Takedown" protests and the company's stock decline.

Tesla share value peaked last year at almost $480 but has now plummeted 45% as its CEO has waded into the political arena attached at the hip with Trump.