Democrats and left-wing activists are determined to tank America’s most successful car company.
However, their desperation to destroy Elon Musk’s Tesla may already be backfiring as the company’s stock has bounced back by over 22 percent over the past week.
Its current valuation is just short of $900 billion, although it has previouly been valued at over a $1 trillion, making it by far the world’s most valuable car manufacturer.
Yahoo Finance has more details:
After a rough start to the year, Tesla (NASDAQ: TSLA) stock is suddenly bouncing back. As of this writing, the growth stock has risen more than 20% from lows last week.
The big rise comes as investors hunt for bargains in some of the market’s hardest-hit names. But while the rebound may feel encouraging, it’s not clear that it reflects a change in Tesla’s underlying business trends.
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Given both Tesla’s history of product execution and the company’s current product pipeline, the company will almost certainly see its growth rate reaccelerate in the coming years.
Two products likely to launch soon, for example, include an autonomous ride-sharing network and more affordable Tesla models.
The company has said it will launch its ride-sharing network in Austin this summer and that it will launch more affordable vehicle models this year. Both these could be major catalysts for Tesla’s sales.
It is also worth noting that while the company’s stock price has fallen since the awesome highs of the period following Trump’s landslide election vehicle, its overall share price is still up over eight percent in the past six months and 62 percent over the past year.
The news will come as a disappointment to Democrats, who have been aggressively trying to tank the company’s stock and broader public image in response to Elon Musk’s work with the Department of Government Efficiency (DOGE).
Among those advocating its failure and openly rooting against American manufacturing has been former Democratic vice-presidential nominee Tim Walz, who said he looks at Tesla’s falling stock price to make him feel better.
Walz has since admitted he regrets those remarks after learning that Minnesota, the state where he is governor, has hundreds of millions of dollars in Tesla stock as part of its statewide pension fund.
As well as urging people to dump any ownership share in the company, leftists are also waging a campaign of domestic terrorism against the company, mainly by targeting its dealerships and vandalizing the vehicles of innocent motorists.
Attorney General Pam Bondi has warned that those found guilty of such domestic terrorism will face the harshest possible consequences.
“The days of committing crimes without consequence have ended,” Bondi said in a statement last week.
“Let this be a warning: if you join this wave of domestic terrorism against Tesla properties, the Department of Justice will put you behind bars.”
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