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Protests against Tesla erupted across the United States and several international locations this weekend, sparked by growing discontent with CEO Elon Musk's involvement in the Trump administration. The events, dubbed "Tesla Takedown," involved demonstrators at showrooms from New York City to Austin, Texas, demanding changes and accusing Musk of harmful political actions. "Sell your Teslas, dump your stock," chanted protesters, reflecting a broader sentiment that Musk's role is detrimental to both the company and democracy, as reported by Yahoo Finance.
Musk's recent political activities have contributed to a decline in his and Tesla's popularity. A Quinnipiac poll indicated that 53% of voters oppose his prominent role in the administration, with an American EV Jobs Alliance survey revealing a 35% positive rating among EV drivers. This shift comes at a crucial time; Tesla faces diminishing sales, particularly in Europe, where registrations plummeted nearly 60% in January. Oppenheimer analyst Colin Rusch cautioned that Musk's political involvement could negatively impact Tesla's sales performance in key markets.