According to The Kobeissi Letter, Tesla stock ($TSLA) surged over 5% after President Trump publicly stated that he is not getting rid of his Tesla vehicle (source: The Kobeissi Letter on Twitter, June 9, 2025). This high-profile endorsement triggered bullish momentum among traders, fueling increased buy-side activity and short-term price strength. The rally in Tesla shares may also influence crypto-related sentiment, particularly for digital assets tied to electric vehicles and AI, as strong equities performance often boosts risk appetite in crypto markets.