Protests, vandalism and faulty Cybertrucks: What to know about Tesla’s tumble
1 week ago

Protests, vandalism and faulty Cybertrucks: What to know about Tesla’s tumble

LA Times  

Here’s what you need to know to start your Monday. Organizers of the “ Tesla Takedown ” movement say their goal is to tank Tesla’s stock price to stop Musk and his “illegal coup.” They’re encouraging people to sell their Tesla vehicles and stock and have facilitated dozens of protests across the U.S. and in several other countries in recent weeks. Author and activist Edward Niedermeyer has long been a critic of Musk, chronicling the rise of Tesla and the billionaire’s takeover of it in his 2019 book, “ Ludicrous: The Unvarnished Story of Tesla Motors.” He’s been organizing for the Tesla Takedown movement and said Musk is more vulnerable than people realize. “Elon Musk has already been running this company into the ground for some time.” Some Tesla owners are feeling the stigma in driving the vehicles, leading some to sell, including singer Sheryl Crow. Musk has also implored Tesla employees to hold on to their stock, telling them at a recent meeting that “the future is incredibly bright and exciting.” Musk “has long promised to deliver fully autonomous driving technology and a fleet of driverless robotaxis, but Tesla’s current technology known as Full Self-Driving cannot function without an alert human behind the wheel,” Times business reporter Caroline Petrow-Cohen explained last week.

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