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Elon Musk is intensifying his response to anti-Tesla protests, calling for the arrest of those funding the demonstrations, which he claims are orchestrated by wealthy Democratic opponents. He specifically accused Reid Hoffman of financial involvement, a claim Hoffman denied, suggesting Musk should address his own issues instead. The protests, part of the Tesla Takedown movement, have also seen participation from Europeans, some of whom have vandalized Tesla property in reaction to Musk's political affiliations.
Elon Musk and venture capitalist Antonio Gracias revealed that over 2 million non-citizens received new Social Security numbers in FY 2024, claiming this was part of a larger effort to alter the voting landscape in the U.S. Musk criticized the Biden administration for enabling this influx, suggesting it aimed to create a permanent Democratic majority. The event in Green Bay, Wisconsin, also featured Musk distributing million-dollar checks to attendees who signed his political petition, further emphasizing his involvement in the upcoming Supreme Court election.
Deutsche Bank has reduced its 2025 US light vehicle sales forecast by 500,000 to 15.4 million due to impending tariffs affecting auto supply chains and prices. Analysts predict a short-term sales boost as consumers rush to purchase before price hikes, but a significant decline is expected afterward.In the tech sector, Palantir's shares fell amid concerns over government spending cuts, while Moderna's stock dropped 10% following the resignation of the FDA's vaccine chief, raising questions about vaccine safety. Overall, US stocks faced a slump, particularly in consumer discretionary and tech sectors, as fears of an economic slowdown intensified.
Tesla's stock fell by as much as 6% amid concerns over President Trump's impending 25% tariffs on foreign autos, with CEO Elon Musk acknowledging the significant impact on the company. Analysts predict lower EV deliveries for the March quarter, with estimates ranging from 353,418 to 390,342 vehicles, as waning sentiment towards Musk and competition from Chinese EV makers like BYD weigh on sales. Additionally, protests against Musk and the anticipation of new models are contributing to short-term sales challenges.
Elon Musk has labeled Minnesota Governor Tim Walz a "huge jerk" after Walz mocked Tesla's plummeting stock price during a town hall. This exchange highlights the increasing polarization in U.S. politics, as public figures engage in unfiltered disputes that resonate with their respective bases, further deepening partisan divides. Political analysts suggest such confrontations are likely to persist, reflecting a trend of incivility in political discourse.
Elon Musk has acknowledged that his role in the Trump Administration's Department of Government Efficiency (DOGE) is negatively impacting Tesla's stock price, which has dropped 48% since December. Protests against his government activities have emerged, coinciding with a 45% decline in Tesla sales in Europe and record trade-ins of older models. Analysts suggest that Musk needs to balance his commitments to both Tesla and DOGE to restore investor confidence.
Elon Musk has expressed frustration over recent Tesla protests, claiming they are fueled by paid demonstrators, allegedly backed by his former associate Reid Hoffman. Despite his accusations, no evidence supports this claim, while Musk himself incentivized attendance at a rally for a Republican candidate. The protests, which began as a grassroots movement, have gained momentum, with activists arguing that Musk's actions contribute to an authoritarian regime in the U.S.
At a rally in Wisconsin, Elon Musk acknowledged that the distribution of DOGE stimulus checks to taxpayers may not materialize, as it would require approval from Congress or President Donald Trump. This admission raises questions about the future of such financial initiatives.
Tesla shares fell nearly 6% amid a broader market sell-off, with CEO Elon Musk attributing the decline to his involvement with Dogecoin and political challenges. He acknowledged that the situation is significantly impacting Tesla's stock value and sales, as protests against him occur at dealerships nationwide. Additionally, analysts are concerned about reduced delivery forecasts linked to the new Model Y and potential tariff impacts, which Musk recently indicated could negatively affect the company.
Elon Musk has stated that the backlash against his government cuts related to DOGE is negatively impacting Tesla's stock performance. This situation highlights the interconnectedness of his ventures and the market's reaction to his decisions.
Tesla, Inc.
Companies
| Symbol | TSLA |
| Name | Tesla, Inc. |
| Currency | USD |
| Sector | Consumer Discretionary |
| IndustryGroup | Automobiles & Components |
| Industry | Automobiles |
| Market | NASDAQ Global Select |
| Country | United States |
| State | CA |
| City | Palo Alto |
| Zipcode | 94304 |
| Website | http://www.tesla.com |
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
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