BUSINESS

Musk's DOGE Role Sparks Global Protests

USASun Mar 02 2025
People around the world are standing up against Elon Musk's involvement with DOGE. This is not just happening in the US. Protesters are gathering outside Tesla showrooms to express their disapproval. The main reason is Musk's role in the Department of Government Efficiency. This department was created by President Trump. It has been criticized for slashing government agencies and causing job losses. The protests are part of a movement called "Tesla Takedown. "The goal is to encourage people to sell their Tesla stocks and cars. The movement started after a conversation between Alex Winter, a Los Angeles-based actor and filmmaker, and Joan Donovan, a sociologist and professor at Boston University. They discussed the idea on Bluesky, an alternative to Musk’s X. The protests have spread internationally, with events in Barcelona, London, Lisbon, and Reykjavik. Protesters are also concerned about Musk's other investments, like Starlink, and the lack of proper vetting for his role. Some protesters are focused on the impact of Musk's actions on Tesla's value. They hope that declining sales and stock prices will hurt Musk's net worth. Tesla's sales have been declining, which could be due to several factors. These include high interest rates, increased competition, and a lack of new models. Some people are separating Tesla the company from Musk the person. They believe that the attention Musk has received from DOGE is not good for Tesla's business. People are protesting because they feel powerless against the changes happening. They want to make their voices heard. Protesters are chanting slogans like "Elon Musk has got to go" and "DOGE needs to go. "Some protesters are long-time activists against the Trump administration. They see Musk's involvement as another reason to protest. The protests are a way for people to show their disapproval and demand change. They hope that their actions will lead to a vote of no confidence in Musk from the shareholders. This would be the ultimate goal of the Tesla Takedown movement. The protests are a sign of people's frustration and desire for change. They are a way for people to come together and make their voices heard.

questions

    How do these protests affect public perception of Elon Musk and Tesla as a brand?
    How effective are these protests in influencing Tesla's stock prices and sales?
    Could the sudden drop in Tesla's stock prices be a result of coordinated efforts by short sellers rather than public protests?

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