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NRIPage | Articles | Elon Musk Faces Backlash as Tesla Stock Drops Amid Political Controversy | Get General Articles. Stay Informed on a World of Topics - NRI Page
Elon Musk is facing growing public backlash following his involvement with the Trump administration, with protests escalating in unusual ways. One such protest appeared in New York City, where a satirical sign targeted both Musk and his electric vehicle company Tesla. The viral sign humorously instructs dog owners to dispose of their pet’s waste in the nearest Cybertruck — Tesla’s futuristic electric pickup — and even suggests depositing it "into Elon Musk's mouth" if the tech mogul is spotted nearby. The Instagram user Fola Fia (@folafia) shared the image, which quickly gained traction online. This protest reflects rising frustration toward Musk’s perceived political affiliations and his growing involvement in government affairs.
Escalating Anti-Tesla Sentiment
The mock sign is part of a broader wave of dissatisfaction directed at Musk and Tesla. Recently, four Cybertrucks were deliberately set on fire in a Seattle parking lot, indicating heightened tensions. Additionally, some Tesla owners have reportedly begun placing stickers of other car brands on their vehicles to avoid potential harassment.
Tesla’s Market Woes
The controversy has coincided with a dramatic drop in Tesla's stock price. After achieving a record-high market cap of $1.5 trillion on December 17, 2024, Tesla’s value has plummeted by 45% in less than three months. As of March 11, 2025, Tesla’s market cap had shrunk to $696 billion. According to Reuters, this steep decline is linked to Tesla's falling sales figures alongside Musk’s involvement with the Department of Government Efficiency (DOGE) — a political initiative tied to Donald Trump’s administration.
Musk’s Political Controversy
Musk’s alignment with the Trump administration and his role in DOGE have sparked concerns among investors and customers. Critics argue that his political stance is alienating Tesla's core consumer base, which largely values sustainability and progressive ideals. As protests against Musk and Tesla continue to emerge, the company's reputation and financial stability face mounting challenges. With Tesla’s stock struggling and public opinion shifting, Musk's political involvement appears to be fueling one of the company's most turbulent periods to date. Observers now await Tesla’s strategic response as both consumer trust and market performance hang in the balance.
