According to The Kobeissi Letter, Tesla stock ($TSLA) surged over 5% after President Trump publicly stated he is not getting rid of his Tesla, signaling renewed confidence among investors. This high-profile endorsement contributed to increased trading volume and bullish sentiment around $TSLA, with potential spillover effects on crypto markets that track tech stock momentum, such as Bitcoin and Ethereum. As Tesla remains a top-watched stock for crypto-linked ETFs and tokenized assets, traders are monitoring cross-market correlations for short-term trading opportunities (source: The Kobeissi Letter, June 9, 2025).