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Tesla Faces Stock Decline, Vandalism, and Controversy Over Political Ties

Elon Musk's leadership of a federal agency under Trump and public endorsements of Tesla have intensified scrutiny and backlash against the company.

  • Tesla's stock has dropped over 50% since December 2024, driven by public backlash and political controversies tied to Elon Musk's role in the Trump administration.
  • Minnesota Governor Tim Walz mocked Tesla's stock decline during a Wisconsin event, drawing sharp criticism from Musk and others for celebrating the struggles of an American company.
  • A wave of vandalism and arson targeting Tesla vehicles and dealerships has been labeled 'domestic terrorism' by Attorney General Pam Bondi, with investigations ongoing.
  • The Trump administration has publicly backed Tesla, with President Trump purchasing a Tesla vehicle and Commerce Secretary Howard Lutnick urging Americans to buy Tesla stock, raising ethical concerns.
  • Tesla has issued a recall for nearly all Cybertrucks in the U.S. due to a defect, compounding the company's challenges during this turbulent period.
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