Tesla’s Sudden Decline Amid Trump Alliance

US President Donald Trump has been spotted showing support for electric vehicle maker Tesla, with critics arguing this shift in stance is not driven by a change of heart on electric vehicles but rather by his close relationship with Elon Musk. Musk serves as Trump’s special adviser and head of the U.S. Department of Government Efficiency, which has cut federal jobs.

Tesla has faced declining stock prices, reluctant customers, and protests targeting its dealerships. The company’s vehicles have been vandalized in several locations, including Seattle, Massachusetts, and Oregon. A recent incident saw gunshots fired at a Tesla dealership in Tigard, Oregon, sparking calls for an investigation by Congress.

Protests have erupted at Tesla showrooms across the country, with some owners feeling pressured to stop using the brand due to Musk’s stance on certain issues. One woman, Jennifer Trebb, sold her Tesla after realizing she could no longer own it due to Musk’s perceived anti-Semitic views.

Tesla’s stock has plummeted 50% since December, and Musk’s net worth has dropped by $29 billion in a single day. While some experts believe the brand can recover, others warn that its association with Trump may have long-term consequences for its reputation.

Source: https://ny1.com/nyc/all-boroughs/news/2025/03/14/trump-elon-musk-tesla-protests-customers