DOGE: Tesla, Elon Musk Face Backlash

MARKETS TREND

Protesters gathered outside Tesla stores in the world’s largest economy to express their disapproval of Elon Musk, the billionaire CEO of the automaker, and his attempts to reduce government spending on behalf of President Donald Trump.

 

The demonstrations are part of a growing backlash in North America and Europe against Musk’s disruptive role in Washington.

Demonstrators gathered outside the Owings Mills Tesla dealership, holding homemade signs while passing cars beeped their horns in solidarity. Protesters gathered in front of Tesla stores on Saturday in opposition to Elon Musk and his efforts to reduce government spending on President Donald Trump’s behalf.

Anti-Tesla protests planned by liberal organizations for weeks to energize Democrats, still disheartened by Trump’s victory in November, and to spark opposition to Musk’s Department of Government Efficiency.

Elon Musk’s contentious involvement in the Trump administration is hurting the company’s reputation and brand at a critical juncture for the electric vehicle sector.

Over the weekend, hundreds of demonstrators showed up at Tesla (TSLA) dealerships nationwide and in several foreign countries. Known as “Tesla Takedown” and “Tesla Takeover,” Anonymous on Bluesky, an alternative to X organized the demonstrations.

Protesters waved signs that read, “Musk is stealing from you,“Stop Musk’s Coup,” and “Tesla funds fascists,” outside Tesla showrooms in Boston’s Boylston Street, New York City’s Meatpacking District, and even Austin, Texas, where Tesla is based.

Event organizers in Austin yelled, “Sell your Teslas, dump your stock, join the picket lines.”. Musk is being stopped by hurting Tesla. Our democracy and lives will be saved if Musk is stopped.

The world’s richest man has been responsible for the widespread layoffs of government workers as head of the recently established Department of Government Efficiency (DOGE). Lawsuits have been filed against DOGE and the White House for allegedly engaging in illegal dismissals.

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ABOUT THE AUTHOR See More
Olumide Adesina
Financial Market Writer
Olumide Adesina is a French-born Nigerian financial writer. He tracks, analyzes, and reports changes in financial markets with over 15 years of working experience in investment trading.
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