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#teslatakedown, Weekend Two

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Can’t vouch for the legitimacy of any of these groups (do speak up in the comments, if you’re better informed!), but if anyone was looking for a weekend project… TeslaTakedown.com

Here's where to find or start your own Tesla Takedown. actionnetwork.org/event_campai…

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— daileyink.bsky.social (@daileyink.bsky.social) February 20, 2025 at 10:41 AM

Over the weekend, hundreds of protesters demonstrated at #Tesla (TSLA) dealerships across the country, as well as several international locations. Dubbed "Tesla Takedown" & “Tesla Takeover," the protests were coordinated by groups like Anonymous on Bluesky. finance.yahoo.com/news/sell-yo…

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— Lee West (@whodat35.bsky.social) February 19, 2025 at 8:05 PM

Elon Musk’s controversial role in the Trump administration appears to be dragging down the Tesla CEO’s image — and Tesla’s own brand — during a pivotal time for the EV industry.

Over the weekend, hundreds of protesters demonstrated at Tesla (TSLA) dealerships across the country, as well as several international locations. Dubbed “Tesla Takedown” and “Tesla Takeover,” the protests were coordinated by groups like Anonymous on Bluesky (an x.com alternative)…

Musk going from “EV Jesus” to “MAGA god” is hurting Tesla’s brand image, said Mike Murphy, veteran GOP strategist and CEO of American EV Jobs Alliance, to Automotive News. “Musk has more of a MAGA identity than an electric car identity. He’s a nightmare for the Tesla chief marketing officer because he’s now in the way.”

Case in point: The survey polled likely EV buyers about their brand perception. Among EV competitors Ford, Toyota, and VW, Tesla had the lowest favorable rating (63%) and highest unfavorable (37%).

Tesla’s diminished popularity comes at a time when federal EV tax credits could be cut under the Trump administration, meaning Tesla would have to compete on a more even ground with foreign automakers. The loss of EV tax credits would also push sales lower for the entire EV industry, of which Tesla is highly levered to given its all-EV product portfolio.

Even Tesla employees fear Musk has damaged the company’s brand, as documented in a recent recording of a Tesla staff meeting obtained by the Washington Post. In another portion of the meeting, senior managers apparently indicated Tesla would be better off if Musk resigned…

I never thought I'd die side by side with Lamborghini-driving TikTokers, but these kids understand the assignment and I couldn't be more proud of them
www.roadandtrack.com/news/a638561…

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— O.K. Computermeyer (@niedermeyer.online) February 21, 2025 at 2:19 PM

E.W. Neidermeyer has been highlighting Tesla’s shortfalls for at least a decade, so you can’t blame him for taking pleasure in the current moment…

How's that Twitter deal aging? How's Tesla's car business doing? How's that bet on Elon's magic self-driving beans feeling right about now? Go ask the one analyst who is too smart to be popular how good SpaceX's business really looks.

The real letdown is still coming, bro. The signs are all there.

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— O.K. Computermeyer (@niedermeyer.online) February 15, 2025 at 10:18 AM

Wall Street goofed extra bad here, because now Americans have no way to get rid of their hype bubble oligarch politically except by destroying his hype bubble empire. The only path out of Musk’s unelected coup runs directly through the capital markets, and the fragile valuations that prop him up.

When this is all over, the banker boys are going to understand why it’s important to, at the very least, give people the illusion that they can vote for their government. Now that even that pretense has been stripped aside, we have to pursue politics by other means. Now they are on the menu.

When Wall Street feels fear more than they feel greed, the calculation will change. They know that Musk’s businesses produce very little actual economic value, and its valuations can’t be sustained. They will start trimming their positions, notice others are, then we get a tsunami of fleeing rats.

This is the message we need to send at #TeslaTakedown protests today: we know Tesla’s trillion dollar valuation is built on fraud and abuse, and we are coming for it. We will make Tesla ownership a taboo, cars and stock, unthinkable to anyone who believes in the basic values of the U.S. constitution…

We, the people, are holding all the cards here. Elon Musk has bluffed Wall Street into a completely indefensible position, and then forced us to attack that position in order to stop him. We can do it! His wealth is all on paper. His technology is fake. His valuations are indefensible. We can win!

The post #TeslaTakedown, Weekend Two appeared first on Balloon Juice.


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