Protests labeled "Tesla Takedown" against Elon Musk's actions have emerged across the U.S., driven by discontent among Tesla owners and stockholders. Participants express anger over Musk's political involvement and decisions impacting Tesla's direction. Some Tesla vehicles have experienced vandalism, as demonstrators encourage the selling of shares and cars. The movement, initiated on social media and featuring prominent figure Alex Winter, spans numerous U.S. cities, revealing a growing dissatisfaction with Musk and a potential threat to Tesla's market presence.
While boycotts aren't always effective at materially impacting a company's bottom line, Wedbush analyst Peggy Tsaousis noted that there's significant sentiment brewing against Musk's decisions.
The protests initially sparked on social media have evolved into real-life demonstrations, with Alex Winter noting that protests have taken place at over 100 showrooms.
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