Tesla shares have fallen over 35% this year. Musk claims his role in DOGE has influenced the stock and sparked nationwide protests.
Tesla's Shares and the Impact of DOGE
On Sunday, Elon Musk expressed his belief that his role in DOGE is affecting Tesla’s stock price. Speaking at a town hall event in Wisconsin, he said those opposed to his efforts to cut government jobs are pressuring him via Tesla. Before Monday, the stock was already down 35.83% for the year and fell another 1.7% on Monday. Musk suggested that the price drop may represent a buying opportunity for those trusting in the company’s long-term vision.
Protests Against Tesla
Protests against Musk and his political involvements intensified on Saturday as activists gathered at Tesla showrooms and service centers. The demonstrations aimed to oppose his efforts to reduce government spending and his access to sensitive federal employee data.
Global Reaction to Musk's Political Role
Protests over Musk's political role also occurred outside the U.S. In London and other European cities, participants voiced similar concerns about Musk. The 'Tesla Takedown' movement, organized by a coalition including former Tesla vehicle owners and public figures, continues to gain momentum.
Musk's role in DOGE and political activities have sparked widespread protests and concerns impacting Tesla’s stock price and company reputation, with protests persisting both in the U.S. and abroad.
