Crowds have protested billionaire Elon Musk’s purge of the U.S. government under President Donald Trump outside Tesla dealerships throughout the U.S. and in some cities in Europe.
Signs of Tesla's (NASDAQ: TSLA) brand crisis are almost everywhere you look. Over the weekend, more than 200 "Tesla Takedown" protests were held across the country as Americans expressed their ire about CEO Elon Musk's project to downsize federal agencies -- which President Donald Trump refers to as the Department of Government Efficiency (DOGE) -- by targeting his company.
Tesla sales tumbled by 42% in Europe in January and February despite overall EV sales on the continent rising almost 30%.
European sales of Tesla electric vehicles tumbled 49% in the first two months of the year even as overall sales of EVs grew.
The protests are being advertised on BlueSky under the tags “Tesla Takeover” and “Tesla Takedown,” similar to demonstrations held last weekend. At least three dozen events are listed on Action Network’s website, with a banner urging people who own Tesla vehicles or stock in the company to divest, sell their vehicle, and “join the picket line.”
The world’s wealthiest man claims ‘foot soldiers’ and Tesla protesters are being paid even as he hands out checks to voters
A “Tesla Takedown” is in the works for Saturday as Musk continues to be polarizing and the future of Tesla is “murky.”
The news followed a quarter in which Tesla's stock fell 36%, its worst quarterly performance since 2022, as protests and boycotts in the U.S. and Europe drove potential EV buyers to look elsewhere. Where to invest $1,
Tesla's sales in key European markets fell again in March, data showed on Tuesday, adding to signs that drivers are shunning Elon Musk's electric car brand as competition from China stiffens and some protest against his political views.