Tesla stock sinks by 26% in wake of Elon Musk’s ‘Nazi’ salute at Trump rally

Tesla stock sinks by 26% in wake of Elon Musk’s ‘Nazi’ salute at Trump rally
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Tesla stock sinks by 26% in wake of Elon Musk’s ‘Nazi’ salute at Trump rally
Author: Ariana Baio
Published: Feb, 27 2025 16:12

Summary at a Glance

Similar frustrations have also swept over employees at Tesla who believe Musk is disengaged from the vehicle company while focusing on his role in the government, the Post reported.

But the salute, in combination with Musk’s recent implementation of the Department of Government Efficiency, a temporary organization within the Executive Office, has only contributed to public frustrations with Musk.

In addition to his role supporting Trump, Musk also heads SpaceX, X – formerly Twitter, xAI, Neuralink and the Boring Company.

Musk and the American Defamation League have both denied Musk’s gesture was connected to a “Nazi salute.”.

Those frustrations have manifested in Americans and Europeans pulling out investments in Tesla – both as shareholders and vehicle owners.

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