Tesla Faces Continued Scrutiny Amid Protests, Tariffs, and Political Backlash

The Andhra Pradesh government is facing criticism for its claims of attracting industries, with only limited progress reported since its formation. While the Chief Minister attended the Davos summit, only TCS has confirmed operations in Visakhapatnam, and agreements with companies like Google are seen as lacking real benefits for the state's welfare. The government's announcement of potential Tesla sites in Tirupati and Nellore is met with skepticism, especially as no formal decision has been made by Tesla regarding manufacturing in India. Concurrently, tensions are rising against Elon Musk and Tesla globally, with protests occurring in the U.S. and Europe, fueled by Musk’s political affiliations and recent vandalism against Tesla properties. This unrest reflects broader concerns over Musk's influence and the business climate under President Trump's policies, which have led to significant stock volatility for Tesla and other companies. As tariffs and trade tensions escalate, Tesla's stock has seen a steep decline, prompting concerns about its competitiveness in a challenging market environment.