Tesla Investor Urges Musk to Diminish Trump Ties Amidst Massive Recall of 46,000 Cybertrucks

Tesla is facing a tough time. The electric car maker is under scrutiny, and CEO Elon Musk is advised to shift his focus away from his work with Donald Trump to help the company.

Recently, Tesla announced a recall of 46,000 Cybertrucks due to an issue where a panel could come loose while driving. This news coincides with planned protests worldwide, with around 500 demonstrations expected at Tesla showrooms on March 29.

Adding to the chaos, the Vancouver International Auto Show pulled Tesla from its event lineup due to security concerns. Organizers expressed that the decision wasn’t easy but was necessary for the safety of everyone involved.

Tesla’s shares have plummeted by a third over the past month. Investors are concerned about how Musk’s political involvement might affect sales. Dan Ives, an analyst at Wedbush and a staunch Tesla supporter, emphasizes the urgency in dealing with the situation. He describes the current scenario as a “brand tornado crisis moment.”

Ives notes that the brand damage has escalated rapidly. Protests and vandalism of Tesla cars are indicators of growing public discontent. He argues that Musk needs to balance his roles at Tesla and Doge to prevent further harm to the brand.

Recent polls suggest that public sentiment is shifting. A petition in Canada has garnered over 375,000 signatures to revoke Musk’s Canadian citizenship due to his ties with Trump, who has sparked tensions between the two countries. This backlash is not just local; Tesla Takedown, a protest group, is mobilizing demonstrations globally, urging people to stand against Musk’s actions.

In light of this, Musk’s comments about protesters being “deranged” only deepen the divide. He believes these protests are fueled by his anti-corruption efforts in government, further complicating the situation for Tesla.

The recall issue is particularly concerning. The U.S. National Highway Traffic Safety Administration has flagged the potential for detached panels to become road hazards, increasing crash risks. Tesla plans to replace the faulty parts at no cost to the owners.

In summary, Tesla and Musk must navigate this challenging phase carefully. How they respond over the coming months will significantly influence the company’s future. Investors and the public alike are watching closely.



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