Tesla Faces Boycotts and Stock Plunge Over Musk's Political Actions

Protests against Elon Musk's political influence and controversial rhetoric intensify as Tesla's stock drops by over 50% in four months.

Elon Musk's close ties to President Donald Trump and his controversial political actions have spurred widespread protests and calls for a Tesla boycott in the U.S.
Critics accuse Musk of promoting right-wing rhetoric, undermining social programs, and using his wealth to exert outsized political influence.
Tesla's stock has plummeted by over 50% since December 2024, with a 15% drop reported earlier this week, partly attributed to public backlash and increasing competition from Chinese automakers.
Demonstrators, including Tesla owners, have labeled the vehicles as symbols of Musk's political agenda, urging others to sell their cars in protest.
The protests reflect broader concerns over Musk's role in the Trump administration and his actions on platforms like X, where he has faced criticism for inflammatory statements and threats to restrict services like Starlink.