Tesla Stock Drops 30% Amid Protests Over Federal Cuts

Protests against federal cuts have sparked nationwide protests, including in Colorado, where Tesla owners gathered at dealerships on March 15 as part of the #TeslaProtest movement.

The protests come amidst concerns over the impact of federal cuts on Tesla’s operations and finances. The company has faced increased scrutiny over its role in renewable energy and electric vehicle production.

In response to the protests, Tesla’s stock price has dropped by 30% in recent days. The company’s shares have been heavily influenced by investor sentiment, with some analysts predicting a possible shift towards a more conservative approach under new leadership.

As tensions rise between Tesla and its investors, the #TeslaProtest movement continues to gain momentum, with many owners calling for greater transparency and accountability from the company’s leadership.

The protests are seen as a reflection of growing concerns over the future direction of the US government’s energy policies, particularly with regards to renewable energy sources.

Source: https://www.cbsnews.com/colorado/news/tesla-dealership-protests-continue-colorado