President Donald Trump posed for photos next to a line of Tesla vehicles in front of the White House Tuesday after saying earlier on social media he would buy one as a "show of confidence and support for Elon Musk."

Markets are losing faith in Trump's administration amid escalating trade wars and government cost-cutting that might be doing more harm than good.

Instead of the presidential motorcade of large, black SUVs lined up on the driveway of the South Lawn, there were five Teslas for Trump to peruse. Trump announced his intention to buy a Tesla on Monday night to support his close adviser billionaire Elon Musk,