Musk has witnessed a mass sell-off of Teslas in recent weeks, in protest against his unprecedented intrusion into the US government through the so-called “department of government efficiency”. Sales of new vehicles have declined around the world, with February sales in Australia down about 72% compared with the same month in 2024; in Germany sales were down 76% for the same period, while Tesla’s stock price has lost almost half its value since December.
As protests have grown, the White House has rallied round Musk. Last week Donald Trump claimed the boycott was “illegal”, while Pam Bondi, the attorney general, said on Friday she would launch an investigation into vandalism against Tesla vehicles and showrooms.
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In Brooklyn, people were apparently undeterred by the threat. Teslas driving past the protest were treated to a volley of boos, and lusty chants of “Sell your Tesla”. The demonstration certainly appeared to have restricted the number of people entering the dealership: the Guardian counted three customers in the space of an hour and a half.
MuskRat is starting to feel it. Keep up the pressure. There are two coming inevitablities that are going to make his life truly miserable, and perhaps even destroy it.
It is only a matter of time before the Tesla board replaces him. No matter how loyal they are to him, they will have to reign him in to avoid the blowback in the next inevitablity.
That will be a class-action shareholder lawsuit against MuskRat for his effect on the stock price. He’s supposed to be some super genius, so he has no excuse for not realizing that his terrible behavior would have a detrimental effect on the stock price. Many stockholders have lost thousands, even millions, in Tesla stock, and it is only a matter of time before they sue. Besides MuskRat, they will be suing the board members individually, unless they can make the case that they tried to mitigate the damage he was doing by firing him. Even so, they stood by and watched as he cut the stock price in half, so its probably too late for board members to save themselves.
I sold my Tesla stock, but I think Ill go on Stash and buy $5 worth of stock, just so I can vote to sue Musk, Tesla, and the Tesla Board of Directors.