Protests and Political Ties Shake Tesla and Elon Musk's Empire

Elon Musk's alignment with Donald Trump and controversial actions as a government advisor have led to plummeting Tesla sales, widespread protests, and financial turmoil.

Elon Musk's close relationship with President Donald Trump, including his leadership of the controversial Department of Government Efficiency (DOGE), has drawn significant public and political backlash.
Tesla's stock value has dropped by over 50% since its December 2024 peak, with sales in key markets like Europe and China seeing sharp declines due to consumer boycotts and protests.
Demonstrations against Tesla have intensified in the U.S., with some owners selling their vehicles below market value and labeling them with protest stickers.
Trump's public support for Musk, including a Tesla purchase and a promotional event at the White House, temporarily boosted Tesla's stock but failed to halt its overall downward trend.
Musk's broader business ventures, including SpaceX and X (formerly Twitter), face mounting challenges, with financial losses, operational setbacks, and declining public trust adding to his difficulties.