Electric vehicle maker Tesla starts Monday with stock market gains

(24 Mar 2025)
RESTRICTION SUMMARY:

ASSOCIATED PRESS
Roswell, Georgia — 19 March 2025
1. Various drone shots of Tesla dealership ++MUTE++

STORYLINE:
The electric vehicle maker Tesla started Monday with gains on the stock market.

By mid-day it had climbed 9.9% for the biggest gain among S&P 500 stocks. But the company is still down about 30% for the year. It has been struggling on worries that customers are turned off by CEO Elon Musk’s leading efforts to slash spending by the U.S. government.

Attacks on property carrying the Tesla logo are cropping up across the U.S. and overseas.

Over the weekend, a man drove his car into protesters outside a Tesla dealership in Palm Beach County, Florida, but did not injure any of those who had gathered to demonstrate against Musk and President Donald Trump over the weekend, according to law enforcement.

The planned protest was one of a slew across the U.S. at businesses associated with Tesla, the company led by Musk, in response to the billionaire’s work with the Trump administration in cutting federal funding and the workforce.

Several more violent incidents include Cybertrucks being set on fire in Seattle and shots fired at a Tesla dealership in Oregon.

AP video shot by Mike Stewart

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