Recent global demonstrations have placed Tesla (NASDAQ: TSLA) and its CEO, Elon Musk, under intense scrutiny. The protests, which have gained significant traction, are in response to Musk’s political involvement with former U.S. President Donald Trump.
These events have sparked a worldwide call for action against Tesla, urging consumers to boycott its products and stock.
As the situation unfolds, the impact on Tesla’s business operations, particularly its sales and stock performance, is becoming increasingly evident.
Tesla Stock Drops in Premarket After “Tesla Takedown” Protests
The protests, organized under the banner “Tesla Takedown,” have seen thousands of participants across continents, from Australia and New Zealand to various European countries and the United States. The demonstrators are rallying against Musk’s role in efforts perceived as undermining democratic institutions in the United States.
This political controversy has led to a consumer backlash, with calls to boycott Tesla products and divest from its stock. The protests reflect growing public discontent with Musk’s political affiliations, which many view as detrimental to democratic values.
Amidst the political turmoil, Tesla is facing potential challenges in its sales performance. Analysts have projected a 7% drop in first-quarter deliveries compared to the previous year, attributing this decline to the negative perception of Musk’s political ties.
The fallout from these associations is expected to damage Tesla’s brand image, impacting consumer confidence and purchasing decisions. Additionally, the anticipated updates to the Model Y and the introduction of new models may influence the company’s sales figures during this turbulent period.
Tesla Stock Brief
Tesla’s stock has experienced notable fluctuations amidst the unfolding events. The stock opened at $275.50, reaching a high of $276.10 before dipping to a low of $260.58, eventually closing at $263.55 on the last trading day. In premarket trading, the stock further declined to $252.15.
These movements reflect the market’s reaction to the ongoing protests and the anticipated impact on Tesla’s business. With a market capitalization of $847.71 billion and a beta of 2.507, the stock remains volatile, influenced by both external political factors and internal company developments.
Despite the current challenges, the stock’s performance over March 2025 has shown variability, with significant daily fluctuations reflecting investor sentiment and market conditions.
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Originally Posted on March 31, 2025 – Tesla Faces 7% Sales Decline Amid Global Protests Against Musk
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