Tesla Inc. CEO Elon Musk has taken to social media to address the recent wave of vandalism targeted at Tesla properties, cars, and superchargers across the U.S. Musk vowed that those who financed the attacks against Tesla will face prison time.
What’s Happening
Musk’s statement comes in response to a post suggesting that the current U.S. Attorney General, Pam Bondi, may launch an investigation into those financing the attacks on Tesla. The CEO’s warning is clear: “Those who financed the attacks against Tesla will go to prison.”
Background
The U.S. Department of Justice (DoJ) is currently seeking a 20-year prison sentence for Cooper Jo Frederick, accused of throwing a firebomb at a Tesla dealership in Colorado in March. Attorney General Bondi has described the attacks against Tesla as “domestic terrorism.”
Why It Matters
Tesla has been facing criticism and vandalism due to Musk’s politics, including his role in the Trump administration. The company’s cars, such as the Cybertruck, have been targeted by vandals. Musk’s endorsement of a German far-right political party and his alleged “Nazi salute” at an event have also sparked controversy.
Impact on Tesla Stock
The recent wave of vandalism and criticism has taken a toll on Tesla’s stock, which has declined nearly 48% since Trump’s inauguration. The Trump administration’s tariff wars have also raised fears of an economic downturn, with Goldman Sachs hiking the odds of a recession to 45% from 20% earlier.
Musk’s Disagreements with Trump Administration
Musk has had public disagreements with senior Trump advisor Peter Navarro over the administration’s decision to impose sweeping tariffs. Navarro has called Tesla a car “assembler” rather than a manufacturer, sparking a heated response from Musk.
Current Stock Price
Tesla’s stock has declined over 45% year-to-date, currently trading at $221.86.
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