Elon Musk's Political Ties Fuel Tesla Shares Decline, Sparks Protests

Amid a significant drop in Tesla's stock, President Donald Trump expressed support for Elon Musk, promising to purchase one of his vehicles. Tesla's shares have plummeted 45% over the past year due to global sales challenges and competition from Chinese electric vehicles, with analysts attributing some of the downturn to Musk's political affiliations. Protests and vandalism at Tesla showrooms have intensified, with critics linking Musk's ties to Trump to the alienation of potential customers. Additionally, Musk has faced backlash for his role in the Trump administration, particularly regarding claims about taxpayer money and immigration policies. This growing tension has manifested in incidents of violence against Tesla, further complicating the company's image and market position. Musk's political controversies continue to spark debates about his influence and the ramifications for Tesla's future.