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Tesla showrooms across the U.S. were engulfed in chaos as waves of demonstrators took to the streets, demanding the closure of Elon Musk’s automotive empire. The uproar stemmed from his leadership over the Department of Government Efficiency (D.O.G.E.), which has aggressively reduced federal spending, slashing thousands of jobs. Protesters in major cities like New York, Los Angeles, Chicago, Houston, and Miami carried banners denouncing Musk’s influence and alleged misuse of government funds. The online movement, amplified by the hashtags #TeslaTakedown and #TeslaTakeover on Bluesky, fueled widespread outrage.$XRP

International backlash intensified as Tesla’s Berlin factory became the focal point of anti-Musk sentiment. Activist groups in the UK and Germany projected controversial imagery onto the facility, linking Musk to far-right ideologies. Some demonstrations escalated into violent acts, with Tesla showrooms in Oregon and Colorado facing arson attempts. In the Netherlands,$SOL anti-fascist slogans defaced a Tesla outlet, prompting authorities to investigate. The mounting controversy also impacted Tesla’s stock performance, which plunged 6% midweek before slightly recovering but remaining on a downward trend for the year.

The protests were further fueled by thousands of former federal employees who lost their jobs under D.O.G.E.’s budget cuts. Many took to X (formerly Twitter) to voice their grievances, claiming critical programs, including maternal healthcare initiatives, were being dismantled to redirect funds toward Musk’s ventures. A particularly alarming case involved the National Nuclear Security Administration (NNSA), which struggled to reinstate employees after terminating them, unable to reach them due to deactivated government emails. So far, 9,500 federal workers have been laid off, with another 75,000 opting for buyouts, marking one of the most significant reductions in government staff into modern histor#y. With Musk’s direct influence over federal restructuring, critics argue he is reshaping the U.S. government to benefit his personal business empire, sparking one of the most heated political and economic debates in recent years.

Twelve North American states recently injected $330 million into Strategy (formerly known as MicroStrategy) through their pension funds or treasury assets.
These investments were disclosed through the end of 2024, showing growing interest in the business intelligence firm, which also holds the title of the largest institutional owner of Bitcoin.