Edited by pengecattaik at 11-3-2025 11:04 PM
Tesla’s shares fell hard on Monday as markets reacted to the threat of a recession and Trump’s tariff plans.
Tesla’s slide came amid widespread protests over the billionaire Musk’s influence in the federal government at Tesla dealerships, a boycott campaign, car owners selling their Tesla vehicles, and activists pushing members of the public to sell Tesla shares.
“Elon Musk is ‘putting it on the line’ in order to help our Nation, and he is doing a FANTASTIC JOB!
But the Radical Left Lunatics, as they often do, are trying to illegally and collusively boycott Tesla, one of the World’s great automakers, and Elon’s ‘baby,’ in order to attack and do harm to Elon, and everything he stands for,” Trump posted on Truth Social on Tuesday morning.
‘I’m selling the Nazi mobile’: Tesla owners offload cars after Musk’s fascist-style salutes
“In any event, I’m going to buy a brand new Tesla tomorrow morning as a show of confidence and support for Elon Musk, a truly great American.
Why should he be punished for putting his tremendous skills to work in order to help MAKE AMERICA GREAT AGAIN???”
Trump’s claim the boycott is “illegal” is false. The supreme court ruled in 1972 that the first amendment of the US constitution protects Americans’ right to protest against private businesses.
Musk’s net worth decreased by $29bn yesterday, and has fallen by $132bn over the past 12 months, as Tesla shares’ gains have been wiped out. Tesla shares have declined every week since Trump took office, declining 15% on Monday alone.
https://www.theguardian.com/us-news/2025/mar/11/trump-tesla-boycott-musk
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Post time 12-3-2025 02:09 AM
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