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Fortune

Beatrice Nolan

Tesla protest organizers say aim to "bankrupt Elon Musk"

Elon Musk Tesla Inc. Donald Trump Fortune United States Dan Ives Ross Gerber White House DOGE

U.S. President Donald Trump and White House Senior Advisor, Tesla and SpaceX CEO Elon Musk sit in a Tesla Model S (Credit: Andrew Harnik/Getty Images)

Early organizers of some of the "Tesla Takedown" protests say the organization's goal is to hit Elon Musk where it hurts: his wealth. As protests surge and Tesla's stock plummets, even loyal investors are turning against the CEO, blaming his political ties for the company’s decline.

Fred McKinney loved his Tesla. He bought his first car—a Tesla Model 3—in November 2018 and describes himself as a Tesla evangelist. Over the last few months, he's come to regret it.

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