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

In front of the White House as he looked over the Tesla vehicles, President Trump said he would not be allowed to drive his new car.

Of course, Trump was once a sharp critic of Musk, too, which is especially notable given how tight the pair are now. A look at some of Trump's comments on EVs — and Musk: Trump marked Christmas 2023 with a social media post lumping “All Electric Car Lunacy” in with a number of political enemies that he said “are looking to destroy our once great USA.

Rheinmetall , a major beneficiary of Europe's renewed push to invest in defence, said on Wednesday it expects significant sales growth in 2025 and promised to update guidance after recent geopolitical developments are taken into account.

While 2024 sales grew 35%, boosted by increased demand, there was a dip in sales at its power systems and trade divisions at the start of of the year.

Rheinmetall AG is projecting sales at its main defense business will grow as much as 40% this year as Europe ramps up spending on the military.