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The electric vehicle maker has large factories in California and Texas that churn out all the cars it sells in the US, insulating it to a greater degree from Trump’s new levies on auto imports and

An invitation to a “ candlelight” dinner held this past Saturday at President Donald Trump’s Mar-a-Lago club asked prospective guests to spend $1 million per seat. Trump attended the dinner along with Elon Musk, according to multiple photographs and videos of the event viewed by WIRED.

For someone who wears many hats, including—but not limited to—being the CEO of Tesla (TSLA) and SpaceX and the owner of social media platform X (formerly known as Twitter), Elon Musk has a lot of time on his hands.

"Tesla Model 3, Model Y, and Model X are the most expensive EV to insure as of February 2025," he confirmed. The cost of full-insurance for a Tesla Model 3, according to Insurify, increased 30 percent last year, to $4,362 annually.