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Elon Musk has sparked nationwide protests outside Tesla dealerships as thousands rally against his growing influence over the future of humanity. With concerns over AI, robotics, and his ties to power in the White House, demonstrators fear a world where machines take control-while Musk remains at the center of it all.
Now, one of his companies, Tesla, is facing a wave of protests and vandalism across the U.S. Public backlash against CEO Elon Musk's political involvement has intensified in the last weeks.
'Tesla Takedown' protests shake investor confidence
Dubbed the "Tesla Takedown," demonstrations have erupted outside Tesla showrooms and charging stations in several states, with some turning destructive.
Meanwhile, the electric vehicle giant's stock has plummeted amid growing concerns over Musk's influence in the government and its potential impact on Tesla's business.
While many of the Tesla Takedown protests have remained peaceful, some have resulted in property damage.
Last week, Tesla showrooms and charging stations in Colorado and Massachusetts were set on fire.
In New York, six people were arrested over the weekend after hundreds of protesters occupied a Tesla showroom.
Protesters have also taken to vandalizing Cybertrucks, with some owners defacing their own Teslas in defiance of Musk.
A woman in Burbank, California, showed up at a protest with her Tesla Model X covered in chalk messages criticizing the CEO. Others displayed stickers reading "Anti-Elon Tesla Club."
The unrest stems from Musk's growing role in U.S. politics, particularly his leadership of the Department of Government Efficiency (DOGE), a cost-cutting initiative established under President Donald Trump.
Since its creation, DOGE has overseen the layoffs of approximately 100,000 federal employees and has gained access to personal and financial data of millions of Americans.
Critics argue that Musk wields too much influence in the White House, with some protesters branding him "President Musk."
Tesla's business fallout
The protests have coincided with a significant decline in Tesla's stock.
After an initial surge following Trump's election victory, where Musk was seen celebrating alongside him, Tesla's share price has since tumbled to pre-election levels.
Year to date, Tesla's stock has fallen by 40%, making it the worst-performing among the "Magnificent Seven" tech stocks.
The company is also facing declining sales.
In February, Tesla's vehicle deliveries in China dropped 11% year over year, and sales in Australia fell 72% during the same period. In the U.S., used Tesla prices have been steadily declining, with Cybertrucks experiencing the steepest depreciation.
Meanwhile, new tariffs on steel and aluminum, imposed by the Trump istration, threaten to increase manufacturing costs for Tesla and other automakers.
Despite the turmoil, some investors remain optimistic.
Ark Investment founder Cathie Wood believes Tesla's future lies in its development of autonomous vehicles, predicting that its robotaxi fleet will soon transform the industry.
Similarly, Wedbush analyst Dan Ives recently reinforced his bullish stance on Tesla, urging investors to stand by the stock.
While Musk has publicly thanked Tesla ers, the growing protests and financial instability suggest the automaker is facing one of its toughest challenges yet.
With more demonstrations planned and Wall Street analysts lowering their forecasts, Tesla's future remains uncertain.