Elon Musk: Why is everyone targeting me!

Elon Musk claims to be facing "hatred," as Tesla's stock price plummets 50% due to his political stance.

On Monday evening, Musk posted on X platform, complaining about being treated unfairly:

“My company makes high-quality products that people love, I have never harmed anyone, why is there so much hatred and violence towards me?”

“Because I am a deadly threat to the parasites of woke thinking and the humans they control.”

As previously mentioned by Wall Street Insights, there have been recent acts of vandalism against Tesla stores and vehicles in several regions across the United States, including multiple arson attacks at a Tesla dealership in Colorado.

This statement sparked heated discussions among netizens, with replies under the tweet stating: “You are shaping an ‘oligarchy,’ and the public's boycott is a ‘final ultimatum’:

A Reddit user sharply pointed out: “The people around you don’t hate you because they are all your employees; even your children don’t like you.”

Another user directly stated that Musk's "mean words" on X are the root cause: “Free speech absolutists say that mean tweets are also violence.”

However, some netizens supported Musk in the comments, stating that Musk has not committed any substantial serious crimes, and people should not "cyberbully" him for some of his remarks.

Musk also responded to this comment: “You are absolutely right.”

Another user expressed that because you exposed some people's money laundering crimes, they are boycotting you, along with those liberals.

Meanwhile, Tesla's stock price continues to decline, having "halved" since the beginning of the year.

Musk's Political Stance Triggers Consumer Boycott

Tesla's stock price has fallen for eight consecutive weeks, primarily due to a global brand boycott against it.

According to media reports, analysts attribute this financial predicament to the shift in Musk's reputation—Tesla has traditionally attracted a more liberal consumer base, but since Musk aligned with the "MAGA" camp, this consumer group's attitude towards Musk and his products has significantly deteriorated.

Sales data reflects this point significantly. In the past two months, Tesla's sales in Germany have plummeted by over 70%, and sales data in the Chinese market is similarly bleak, with a year-on-year drop of 49% in February.

Last week, amid the combination of Musk's personal reputation and the historic market volatility brought about by Trump's new tariff plan, Tesla's stock price recorded its worst intraday performance since September 2020.

Executives Jumping Ship: Insiders Massively Reduce Holdings

Additionally, Tesla's board members, executives, and major investors are all withdrawing.

According to media reports, four executives from the company have sold over $100 million worth of stock since last month. SEC filings indicate that these executives include James Murdoch, son of right-wing media mogul Rupert Murdoch, and Musk's brother Kimbal Musk, who sold $27 million worth of stock.

Even Tesla's staunch supporters are beginning to cool towards the electric vehicle manufacturer. According to Barron's, Vijay Rakesh, Managing Director and Senior Analyst at Mizuho Securities, has lowered his company's target price for Tesla by $85 per share.

Rakesh noted in a statement that Musk's controversial image and his influence in "geopolitics" are two reasons for the decline:

"We believe Tesla's sales difficulties stem from worsening geopolitics, changes in brand perception, stronger competition leading to market share loss, and lower-than-expected demand for the new Model Y."