Elon Musk faces backlash over political involvement as Tesla brand comes under pressure

- Elon Musk's Anti-Government Involvement Protests Spread Globally - Tesla Stock Drops 2.8%, Increase in Used Car Lis [Unblock Media] Protests against Elon Musk's involvement in government roles are occurring simultaneously in major cities worldwide, impacting both Tesla and the global economy at large. Held in key Tesla markets such as London, Canada, St. Louis, and Arizona in the United States, these protests stem from opposition to Musk's influence through the government efficiency department. Protesters claim that Musk's government expenditure and efficiency policies threaten public systems and are urging Tesla vehicle owners to sell their cars in protest against Musk's political actions. Since the protests intensified, as of March 28, Tesla's stock has fallen by 2.8%, with trading volumes approximately 1.5 times higher than usual. This suggests increased uncertainty among investors. Some market analysts predict that if the protests continue, Tesla's stock may face additional short- to medium-term adjustment pressures. Currently, Tesla holds 57% of the U.S. electric vehicle market, with global sales reaching approximately $96.7 billion in 2023. This indicates that Tesla is not just an ordinary car brand but a company with considerable economic impact across U.S. tech stocks and the entire supply chain. Thus, the protests might not be limited to just affecting Tesla but could potentially cause ripple effects across related industries. Some protesters have revealed that they are seriously considering selling their vehicles, and an increase in Tesla listings has been observed on online used car platforms and communities. A used car dealer noted, "In recent days, we've seen a noticeable uptick in inquiries about selling Tesla vehicles." The ongoing protests represent a potential risk that extends beyond political voices, impacting corporate images, stock prices, consumer behavior, and the broader industry ecosystem. How Elon Musk's political actions will reflect on Tesla's brand value and performance, and the subsequent effects on the global market, remain key points to watch moving forward.