Particle.news

Download on the App Store

Elon Musk Faces Mounting Tesla Challenges Linked to Government Role

As Tesla's stock plunges nearly 50% and global protests intensify, Musk defends his dual roles and frames the downturn as a buying opportunity.

Demonstrators rally against Tesla CEO Elon Musk during a "Tesla Takedown" protest outside a Tesla Store in Pasadena, California, on March 29, 2025.
Image
Image
Person speaking with a caption beside them that reads, "What an evil thing to do."

Overview

  • Tesla's stock has dropped nearly 50% since December 2024, with sales declining in key markets like Europe and China.
  • Elon Musk acknowledges that his role as head of the Department of Government Efficiency (DOGE) under the Trump administration has significantly impacted Tesla's brand and operations.
  • Protests and vandalism targeting Tesla have escalated globally, fueled by backlash against Musk's political alignment and government actions.
  • Musk has publicly expressed confidence in Tesla's long-term prospects, describing the stock decline as an investment opportunity.
  • In Wisconsin, Musk has actively campaigned for Republican candidates, spending over $20 million and drawing further public scrutiny.