LONDON WALLET
  • Home
  • Investing
  • Business Finance
  • Markets
  • Industries
  • Opinion
  • UK
  • Real Estate
  • Crypto
No Result
View All Result
LONDON WALLET
  • Home
  • Investing
  • Business Finance
  • Markets
  • Industries
  • Opinion
  • UK
  • Real Estate
  • Crypto
No Result
View All Result
LondonWallet
No Result
View All Result

Cointelegraph Bitcoin & Ethereum Blockchain News

Carl Sandburg by Carl Sandburg
April 10, 2025
in Crypto
Cointelegraph Bitcoin & Ethereum Blockchain News
74
SHARES
1.2k
VIEWS
Share on FacebookShare on Twitter


You might also like

Morgan Stanley Appoints Head of Digital Asset Strategy

US Marshals Investigate Claims around Stealing $40M in Seized Crypto

AI Data Centers Face Local Pushback Seen in Bitcoin Mining

Why are people protesting against Elon Musk?

Elon Musk, once celebrated as a tech visionary behind Tesla and SpaceX, has faced growing backlash due to his political ties, controversial corporate decisions and provocative public statements.

Born in 1971 in Pretoria, South Africa, Elon Musk co-founded Zip2 in 1995, which was sold to Compaq in 1999. He then launched X.com, which merged with Confinity to form PayPal, acquired by eBay in 2002. 

His later ventures, SpaceX (2002) and Tesla (2004), solidified his status as a leading innovator in aerospace and electric vehicles. In 2022, Musk acquired Twitter for $44 billion and later rebranded the platform as X, integrating it into his broader vision for an “everything app.”

Initially celebrated for his technological contributions, Musk’s public image began to shift in the late 2010s for several reasons:

  • Political involvement: Musk’s association with conservative politics, notably his support for US President Donald Trump and his role as head of the Department of Government Efficiency (DOGE), drew criticism. His advocacy for significant federal spending cuts and program eliminations fueled discontent.
  • Corporate practices: Decisions like relocating Tesla’s headquarters from California to Texas and implementing controversial labor practices contributed to negative perceptions. These actions were seen as prioritizing profit over employee welfare and regulatory compliance.
  • Public statements: Musk’s public communications, especially on social media, often sparked controversy. Critics accused him of spreading misinformation and promoting conspiracy theories, which eroded trust among certain groups.

Did you know? Despite popular narratives of Elon Musk as a self-made entrepreneur, he came from a wealthy South African family. His father, Errol Musk, is suspected of owning an emerald mine in Zambia, and Elon has acknowledged receiving financial support from his family during his early ventures.

Anti-Elon Musk protests in 2025

By 2025, the aforementioned factors culminated in widespread protests targeting Musk and his business interests. 

The demonstrations were driven by core grievances:

  • Wealth disparity: Musk’s net worth, which reached $400 billion in December 2024, had declined to $298 billion by April 2025 due to stock market fluctuations and political controversies. His accumulation of wealth highlighted growing economic inequalities, with protesters viewing it as emblematic of systemic issues favoring the ultra-wealthy.
  • Political influence: Musk’s significant political engagement, particularly his advisory role to Trump and influence over DOGE policies, has raised concerns about the concentration of power among wealthy elites. Critics feared this influence undermined democratic processes and prioritized corporate interests over public welfare.
  • Corporate practices: Actions such as aggressive cost-cutting measures, perceived labor exploitation and controversial business decisions led to dissatisfaction among employees and consumers. The “Tesla Takedown” movement, for example, targeted Tesla showrooms, criticizing Musk’s leadership and corporate strategies.
  • Social and environmental concerns: Musk’s business decisions were also scrutinized for their social and environmental impact. Protesters questioned Tesla’s labor practices and the environmental implications of some of his ventures, calling for more ethical and sustainable corporate behaviors.

Did you know? A March 2025 Brookings op-ed called DOGE’s naming choice a “branding blunder,” while a CNN/ORC poll found 62% of respondents viewed it as “inappropriate” for a government agency and 44% felt it damaged confidence in the administration’s reform efforts.

Tesla protest events in 2025

The “Tesla Takedown” movement, with demonstrations in over 250 cities worldwide, aimed to challenge Musk’s influence. 

Originating in early 2025, this grassroots initiative organized nonviolent protests at Tesla locations across the US, Canada, Europe and Australia.

Tesla Takedown protests at Tesla stores

Protesters called for boycotts and urged the public to divest from Tesla by selling their vehicles and shares, intending to economically impact Musk and question his political influence.

Two key factors fueled the protests:

  • Labor practices: Tesla faced allegations of labor rights violations, including reports of employees being fired for expressing dissenting opinions. The National Labor Relations Board had 24 open investigations into Musk’s companies, including allegations of illegal firings at SpaceX.
  • Environmental concerns: Protesters criticized Tesla’s environmental record, highlighting issues such as alleged negligence in the installation and maintenance of solar panels, which led to roof fires at Walmart stores. Walmart filed a multimillion-dollar lawsuit against Tesla, claiming negligent installation and maintenance of solar panels caused roof fires at seven Walmart stores dating back to 2012.

Declining sales figures underscored consumer discontent. In the first quarter of 2025, Tesla’s global vehicle deliveries dropped 13% year-over-year to 336,681 units, marking the company’s lowest quarterly performance since mid-2022.

Did you know? While intended to be peaceful, some protests escalated into acts of vandalism. For example, on March 24, 2025, incendiary devices were discovered at a Tesla dealership in Austin, Texas.

SpaceX controversy 2025

SpaceX’s activities also attracted scrutiny, particularly regarding safety and regulatory compliance. 

The 2025 Starship explosion served as a stark reminder of the risks associated with private space exploration. The largest and most powerful rocket ever built disintegrated minutes after liftoff, scattering debris across protected areas and reigniting debates about safety, environmental responsibility and regulatory oversight in the private spaceflight industry.

Tesla Takedown protests at Tesla stores

Musk’s political involvement further complicated matters. Serving as the head of DOGE, he oversaw significant federal spending cuts and deregulation efforts. This role led to conflicts of interest, especially concerning agencies that regulate his businesses. 

For example, SpaceX faced fines from the Federal Aviation Administration for safety violations, including operating an unapproved launch control room and using non-approved rocket fuel, totaling $633,009.

What does the future hold for Elon Musk amid growing backlash?

Musk’s entanglement in political affairs, particularly his advisory role to President Trump and leadership of DOGE, has led to significant public disapproval. 

A February 2025 poll indicated that 52% of Americans held an unfavorable view of Musk, with only 29% expressing approval.

In response to the mounting criticism, reports suggest that Musk is considering stepping back from his governmental advisory role to focus on his business ventures. Such a move could be aimed at mitigating public perception that his political activities are adversely affecting Tesla’s performance.

However, given Musk’s history of unconventional decisions and resilience, it’s uncertain whether distancing himself from politics will fully quell public dissent or restore consumer confidence in Tesla.



Source link

Share30Tweet19
Previous Post

Cosmos launches Eureka to connect Ethereum and IBC networks

Next Post

Top Bitcoin miners produced nearly $800M of BTC in Q1 2025

Carl Sandburg

Carl Sandburg

Recommended For You

Morgan Stanley Appoints Head of Digital Asset Strategy
Crypto

Morgan Stanley Appoints Head of Digital Asset Strategy

January 28, 2026
US Marshals Investigate Claims around Stealing M in Seized Crypto
Crypto

US Marshals Investigate Claims around Stealing $40M in Seized Crypto

January 27, 2026
AI Data Centers Face Local Pushback Seen in Bitcoin Mining
Crypto

AI Data Centers Face Local Pushback Seen in Bitcoin Mining

January 27, 2026
American Bitcoin and Other Public Companies Add to Bitcoin Treasuries
Crypto

American Bitcoin and Other Public Companies Add to Bitcoin Treasuries

January 27, 2026
Next Post
Top Bitcoin miners produced nearly 0M of BTC in Q1 2025

Top Bitcoin miners produced nearly $800M of BTC in Q1 2025

Related News

Bitcoin price holds K as derivatives data hints at end of volatility spike

Bitcoin price holds $26K as derivatives data hints at end of volatility spike

August 21, 2023
Starmer ‘to reshuffle shadow cabinet on Monday’ as Sue Gray starts Labour role

Starmer ‘to reshuffle shadow cabinet on Monday’ as Sue Gray starts Labour role

September 3, 2023
Edinburgh Hogmanay celebrations scaled back after outdoor events cancelled

Edinburgh Hogmanay celebrations scaled back after outdoor events cancelled

December 31, 2024

Browse by Category

  • Business Finance
  • Crypto
  • Industries
  • Investing
  • jutawantoto
  • Markets
  • Opinion
  • Real Estate
  • UK

London Wallet

Read latest news about finance, business and investing

  • Contact
  • Privacy Policy
  • Terms & Conditions

© 2025 London Wallet - All Rights Reserved!

No Result
View All Result
  • Checkout
  • Contact
  • Home
  • Login/Register
  • My account
  • Privacy Policy
  • Terms and Conditions

© 2025 London Wallet - All Rights Reserved!

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?