Tesla and Elon Musk are currently facing a “brand tornado crisis moment,” and the CEO of the electric car company is being urged to step down by Donald Trump.
A warning was issued stating that Tesla would be recalling 46,000 cybertrucks in the US on Thursday to address issues with external panels coming loose while driving.
This development comes as protesters announced plans for a major demonstration against EV manufacturers, including Tesla.
Tesla’s stock has seen a significant decline over the past month due to various concerns, including the influence of Musk’s ties to the Trump administration and his involvement in the DOGE (Government Efficiency Sector).
Financial analyst Dan Ives described Doge’s impact on Musk as damaging to his personal reputation and business.
Ives warned investors of a potential crisis facing Tesla and Musk, citing protests at Tesla showrooms and destruction of vehicles.
He emphasized the need for Musk to step back from his role in Doge and formally announce his resignation as Tesla’s CEO to prevent further damage to the company’s reputation.
Additionally, Ives called for a clear roadmap for new vehicle releases and the deployment of self-driving vehicles in June to reassure investors.
Protest groups like Tesla Takedown have organized “Action Day” protests against Tesla and Musk worldwide, condemning Musk’s alleged involvement in illegal activities.
In response, Musk denounced protesters and defended his actions against what he described as unjust attacks on Tesla.
The Tesla recall issued on Thursday addresses issues with the Can Rail panels detaching from vehicles, posing safety risks. Tesla will replace the affected parts for free.
According to the National Highway Traffic Safety Administration, detached panels can create road hazards and increase the likelihood of accidents.
Tesla has been requested to provide a comment on the issue.
Source: www.theguardian.com
