Protesters decry Elon Musk's role in government and Tesla's future
- Protests against Elon Musk have intensified, with numerous gatherings held across various cities including Boston and New York.
- Demonstrators are voicing concerns about alleged government overreach and express fears for their safety as vandalism incidents involving Tesla vehicles escalate.
- The ongoing backlash could significantly impact Tesla's financial health as stock values continue to decline amid rising public discontent.
In the United States, large-scale protests have erupted against Tesla CEO Elon Musk, particularly focusing on his leadership and budget decisions since he began cutting expenditures two months ago. As the protests grow in response to his alleged ties to the Trump administration and the Department of Government Efficiency, numerous demonstrations have been organized by various activist groups. These protests, which commenced weeks ago and gained momentum, include claims of targeting Tesla to pressure Musk financially. Demonstrators emphasize their belief that they are fighting against an unelected figure wielding significant influence over government operations. Amid ongoing protests in cities such as Boston and New York, concerns have escalated regarding the safety of Tesla vehicles and their owners. Reports indicate a troubling rise in vandalism, arson incidents, and threats directed toward Tesla owners since Musk's endorsement of Trump for the presidency. Notably, there have been over 80 reported cases of vandalism against Tesla vehicles in the U.S. and Canada, raising alarms among current Tesla owners. Many are becoming increasingly apprehensive about their safety, leading to some owners relocating their vehicles for protection. Emotional reactions are common, as expressed by several protesters and Tesla owners amid this growing backlash. The movement against Musk, branded as the 'Tesla Takedown,' has gained traction through social media and organized public demonstrations. Advocates are urging people to sell their Tesla vehicles and refrain from purchasing electric cars made by the company to undermine Musk’s financial backing. This weekend, a 'global day of action' has been planned to coordinate protests across multiple countries to highlight dissatisfaction with Musk’s corporate decisions and political influence. Organizers emphasize that their rallies are intended to be peaceful while further promoting messages aimed at economic and social change regarding the perceived risk Musk poses to democracy. Despite Musk's efforts to reassure Tesla employees during a recent company meeting, where he urged them to hold on to their stock and remain optimistic about future improvements, the company's stock value has suffered greatly. Falling to $248.71, this represents a significant decline of nearly 50% from its 52-week high of $488.54 recorded in December. As protests continue, the implications for Tesla's reputation and financial standing may prompt a reevaluation of leadership responsibilities within the automotive industry, alongside broader discussions about corporate affiliations with political figures and their effects on public sentiment and safety.