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Tesla Faces Stock Decline, Vandalism, and Controversy Over Political Ties

Elon Musk's leadership of a federal agency under Trump and public endorsements of Tesla have intensified scrutiny and backlash against the company.

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Minnesota Gov. Tim Walz addressed the concerns of audience members about the actions of President Donald Trump and Elon Musk at the Pablo Center in Eau Claire, Wisconsin, on Tuesday, March 18, 2025.
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Overview

  • Tesla's stock has dropped over 50% since December 2024, driven by public backlash and political controversies tied to Elon Musk's role in the Trump administration.
  • Minnesota Governor Tim Walz mocked Tesla's stock decline during a Wisconsin event, drawing sharp criticism from Musk and others for celebrating the struggles of an American company.
  • A wave of vandalism and arson targeting Tesla vehicles and dealerships has been labeled 'domestic terrorism' by Attorney General Pam Bondi, with investigations ongoing.
  • The Trump administration has publicly backed Tesla, with President Trump purchasing a Tesla vehicle and Commerce Secretary Howard Lutnick urging Americans to buy Tesla stock, raising ethical concerns.
  • Tesla has issued a recall for nearly all Cybertrucks in the U.S. due to a defect, compounding the company's challenges during this turbulent period.