The president said protesters were trying to « illegally and collusively boycott Tesla » because Elon Musk is in his administration.
President Donald Trump has branded attempts to boycott Tesla as illegal amid protests in the U.S. and Europe.
The electric car company, where Elon Musk serves as CEO, has faced a waning stock price in recent weeks, with many attributing the decline to Musk’s close association with Trump’s administration.Why It Matters
Upon returning to office in January, Trump created the Department of Government Efficiency via an executive order. Musk, who heads DOGE, has taken on a key role in the administration’s efforts to cut government spending and reduce the federal workforce.
However, the billionaire’s increasing government influence has aligned with a global decline in Tesla sales, leading some to believe his political moves are damaging the company’s brand.What To Know
On his social media platform Truth Social, Trump addressed the recent rise in protests against Tesla, describing the activity as « illegal and collusive.
