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."

The president defended Elon Musk, a key donor and adviser, after shares in the electric-car maker hit their lowest point since before Election Day.

Trump pledges to buy ‘brand new Tesla’ in support of Musk - Tesla shares and sales have suffered amid protests and calls for a boycott over Mr Musk’s close ties with Mr Trump and far right causes.