The “Tesla Takedown” effort appears to be falling flat.
Over recent months, left-wing activist groups have waged war on Elon Musk and his automotive company Tesla in an attempt to reduce his immense financial power and damage his reputation.
These activists are particularly upset about Musk’s work with the Department of Government Efficiency (DOGE), where he and his team are seeking to expose and remove waste and fraud across the federal government.
After reaching all time highs in the wake of Trump’s landslide election victory, Tesla stock has fallen significantly since the start of 2025 when it reached a valuation well north of $1 trillion.
Yet the stock has come roaring back over the past week, surging 25 percent following the release of the company’s first quarter earnings.
Tesla stock up 21 percent over past five days. Huge blow for the activist left. pic.twitter.com/tICq70kYXz
— Ben Kew (@ben_kew) April 25, 2025
During the earnings call, Musk confirmed that he would soon be largely stepping away with his work on DOGE and return full-time to running his many companies.
However, the real piece of news that has excited investors was made by Transportation Secretary Sean Duffy.
In a statement on Thursday, Duffy announced that the federal government would be relaxing some of the rules on self-driving and work to abolish state regulations and replace them with a standardized federal framework.
“We’re in a race with China to out-innovate, and the stakes couldn’t be higher,” Duffy explained.
“Our new framework will slash red tape and move us closer to a single national standard.”
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Despite some signs that backlash from Democrat-leaning consumers may be affecting sales, Tesla remains in a strong position to become a multi-trillion dollar company due to its dominance across multiple industries.
It also leads the electric vehicle market, and its cutting-edge battery and manufacturing technologies allow it to keep costs down while maintaining strong profit margins.
Tesla is also far ahead of rivals in areas like energy storage, autonomous driving, and AI, giving it massive long-term growth potential.
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