Latest news with #TeslaTakedown
Axios
3 days ago
- Politics
- Axios
What to know about "Good Trouble Lives On" protests in Indiana
Hoosiers will be among the tens of thousands of people expected to protest the Trump administration again on Thursday, the fifth anniversary of the death of civil rights leader and former congressman John Lewis. Why it matters: Lewis was one of the most vocal critics of President Trump during his first administration. He skipped Trump's 2017 inauguration — only the second Lewis missed during his three-decade tenure in Congress including former President George Bush's inauguration in 2001. By the numbers: 56,000 people RSVP'd for more than 1,500 events across the country as of Friday, organizers said. What they're saying: "Good Trouble Lives On is a national day of action to respond to the attacks on our civil and human rights by the Trump administration," the protest website said. "Together, we'll remind them that in America, the power lies with the people." The other side: "Nearly 80 million Americans gave President Trump a historic mandate to Make America Great Again and he is delivering on that promise in record time," White House spokesperson Liz Huston said in a statement. Context: Lewis, the son of sharecroppers, grew up in rural Alabama. The civil rights leader was arrested more than 40 times and injured repeatedly but remained an advocate for nonviolent protest, per the Library of Congress. "Rosa Parks inspired us to get in trouble," he said in 2019. "And I've been getting in trouble ever since. She inspired us to find a way, to get in the way, to get in what I call good trouble, necessary trouble." State of play: Anti-Trump protests since January have retained their momentum, including Tesla Takedown in March, Hands Off! and 50501 in April, May Day, No Kings in June, and Free America on Independence Day. Indivisible, a leading protest organization group, launched a project ahead of the protest to train a million people in non-cooperation, community organizing and campaign design. Zoom out: In March 1965, Lewis led more than 600 peaceful protesters across the Edmund Pettus Bridge in Selma, Alabama. What was meant to be a push for voting rights became known as "Bloody Sunday" after state troopers attacked the marchers. He was elected to the U.S. House in 1986, representing most of Atlanta, and served until he died in 2020.
Axios
5 days ago
- Politics
- Axios
"Good Trouble Lives On" rallies planned in Chicago
Tens of thousands of people are expected to protest the Trump administration again on Thursday, the fifth anniversary of the death of civil rights leader and former congressman John Lewis. Why it matters: Lewis was one of the most vocal critics of President Trump during his first administration. Trump's 2017 inauguration was the first that Lewis missed during his three-decade tenure in Congress. By the numbers: 56,000 people RSVP'd for more than 1,500 events across the country as of Friday, organizers said. Zoom in: Local organizers are hosting a rally at 5:30pm Thursday at Daley Plaza, and events are scheduled for suburban areas as well. What they're saying: "'Good Trouble Lives On ' is a national day of action to respond to the attacks on our civil and human rights by the Trump administration," the protest website said. "Together, we'll remind them that in America, the power lies with the people." The other side: "Nearly 80 million Americans gave President Trump a historic mandate to Make America Great Again and he is delivering on that promise in record time," White House spokesperson Liz Huston said in a statement. Context: Lewis, the son of sharecroppers, grew up in rural Alabama. The civil rights leader was arrested more than 40 times and injured repeatedly but remained an advocate for nonviolent protest, per the Library of Congress. "Rosa Parks inspired us to get in trouble," he said in 2019. "And I've been getting in trouble ever since. She inspired us to find a way, to get in the way, to get in what I call good trouble, necessary trouble." State of play: Anti-Trump protests since January have retained their momentum, including Tesla Takedown in March, Hands Off! and 50501 in April, May Day, No Kings in June, and Free America on Independence Day. Indivisible, a leading protest organization group, launched a project ahead of the protest to train a million people in non-cooperation, community organizing and campaign design. Zoom out: In March 1965, Lewis led more than 600 peaceful protesters across the Edmund Pettus Bridge in Selma, Alabama. What was meant to be a push for voting rights became known as "Bloody Sunday" after state troopers attacked the marchers.
Axios
6 days ago
- Politics
- Axios
Resistance 2.0 protests get louder and more organized
Protests against the Trump administration's policies have built up to a focused, organized movement. Why it matters: After a quiet stretch in the months following President Trump's election victory, the streets are buzzing again. Demonstrations are growing in size, in frequency, and in coordination. "The idea of protest as an effective tool regained its footing," says Gloria J. Browne-Marshall, a professor at John Jay College of Criminal Justice. Protests against Trump administration policies and allies have attracted millions in the last few months: Tesla Takedown in March, Hands Off! and 50501 in April, May Day, No Kings in June, and Free America on Independence Day. Protests also broke out in Los Angeles last month in response to the administration's immigration enforcement, inspiring others across the country. "Good Trouble Lives On" protests are scheduled on July 17, commemorating the fifth anniversary of the death of civil rights leader and former Rep. John Lewis. More than 56,000 people RSVP'd to 1,500 events as of Friday. The other side: "Nearly 80 million Americans gave President Trump a historic mandate to Make America Great Again and he is delivering on that promise in record time," White House spokesperson Liz Huston said in a statement. Flashback: Historically, U.S. protest movements have been focused on a specific issue, says William Hall, an adjunct professor of political science at Webster University, Washington University and Maryville University. In recent years, those included the Women's March, March for Our Lives and Black Lives Matter movements. The protests of the past several months, however, reflect broader opposition to Trump-era policies and the MAGA movement. Zoom out: Protests last year came to a fever pitch over widespread opposition to Israel's war in Gaza following the Oct. 7, 2023 Hamas attack. "It took the imagination again of young people and others to say this is the way," said Browne-Marshall, who published a book this year on U.S. protest history. Zoom in: The Indivisible Project, a leading organizer group, describes its mission: "We will not yield to fascism. We will stand together and we'll fight back in defense of our rights, our communities and our values." "There's extraordinary damage being sustained across every front that we care about, and because of that, I think the way in which people are processing individual outrages or specific moments has shifted a little bit," says Leah Greenberg, Indivisible co-founder and co-director. On July 16, Indivisible is launching "One Million Rising," a national project to train a million people in the basics of community organizing and campaign design. The intrigue: Effective protesting often starts with an emotional response to policy or an event, swiftly followed by strategy, per Browne-Marshall. The current movement is reaching that second stage, she said. "That outrage is still there, but now it's going to be funneled and channeled into strategies and tactics on how we actually make change in the government," she said. " As more and more protests happen," Browne-Marshall added, "local, state and federal elected officials will feel uncomfortable maintaining the stance they have."
Axios
12-07-2025
- Politics
- Axios
What to know about "Good Trouble Lives On" protests
Tens of thousands of people are expected to protest the Trump administration again on Thursday, the fifth anniversary of the death of civil rights leader and former congressman John Lewis. Why it matters: Lewis was one of the most vocal critics of President Trump during his first administration. Trump's 2017 inauguration was the first that Lewis missed during his three-decade tenure in Congress. By the numbers: 56,000 people RSVP'd for more than 1,500 events across the country as of Friday, organizers said. What they're saying: "Good Trouble Lives On is a national day of action to respond to the attacks on our civil and human rights by the Trump administration," the protest website said. "Together, we'll remind them that in America, the power lies with the people." The other side: "Nearly 80 million Americans gave President Trump a historic mandate to Make America Great Again and he is delivering on that promise in record time," White House spokesperson Liz Huston said in a statement. Context: Lewis, the son of sharecroppers, grew up in rural Alabama. The civil rights leader was arrested more than 40 times and injured repeatedly but remained an advocate for nonviolent protest, per the Library of Congress. "Rosa Parks inspired us to get in trouble," he said in 2019. "And I've been getting in trouble ever since. She inspired us to find a way, to get in the way, to get in what I call good trouble, necessary trouble." State of play: Anti-Trump protests since January have retained their momentum, including Tesla Takedown in March, Hands Off! and 50501 in April, May Day, No Kings in June, and Free America on Independence Day. Indivisible, a leading protest organization group, launched a project ahead of the protest to train a million people in non-cooperation, community organizing and campaign design. Zoom out: In March 1965, Lewis led more than 600 peaceful protesters across the Edmund Pettus Bridge in Selma, Alabama. What was meant to be a push for voting rights became known as "Bloody Sunday" after state troopers attacked the marchers.
Forbes
07-07-2025
- Automotive
- Forbes
Tesla Stock's $1 Trillion Puzzle
28 June 2025, Berlin: Activists from "Tesla Takedown", a global protest movement against Tesla boss ... More Elon Musk, have smeared "Musk must fall" and "take down tesla" on a Tesla Center in the Reinickendorf district to mark Musk's birthday. Photo: Jörg Carstensen/dpa (Photo by Jörg Carstensen/picture alliance via Getty Images) Tesla (NASDAQ:TSLA) is encountering a perfect storm of challenges on multiple fronts. Sales have dropped significantly, falling 13.5% year-over-year in Q2, following a similar decline in Q1. Profits decreased by 70% in Q1. The brand has suffered due to Musk's involvement in politics. The company no longer benefits from the regulatory support we anticipated during the Trump Administration. In fact, the situation seems unfavorable, especially after Elon Musk's highly publicized disagreement with the President. Chinese electric vehicles are becoming far more attractive, rendering Tesla's cars less appealing, particularly in global markets. The much-anticipated Cybertruck pickup seems to be falling flat. Google is showing that Tesla is not the sole contender in the self-driving arena. The Waymo robotaxi service has gained a significant lead on Tesla's robotaxi and is conducting over 1 million fully autonomous, paid rides each month across Phoenix, San Francisco, and Los Angeles, up from fewer than 50,000 rides about two years ago, all while maintaining a strong safety record. In many ways, Waymo appears to be surpassing Tesla. So, despite Tesla's shortcomings in various areas, why is the company still valued at nearly $1 trillion – more than the combined market capitalizations of the next 10 automakers? There could be several explanations, although we cannot say for certain that they are well-founded. (related While Tesla Talks, Waymo Drives) Tesla's Tough Valuation Math Tesla's earnings for the upcoming year, FY'26, are estimated to be around $2.90 per share, according to consensus predictions. For simplicity, let's assume that these earnings derive solely from the automotive segment - excluding any contributions from software or renewable energy. (How big is Tesla's software business?) Even if we apply a generous valuation multiple of 30x to this earnings figure, which is significantly higher than the low double-digit multiples typically assigned to traditional automakers like Toyota and Honda, as well as much higher than the single-digit P/E ratios common for major U.S. companies like Ford or GM, that would still indicate a stock price of under $100. This would imply a market cap of roughly $300 billion for Tesla. In other words, when considering only the automotive aspect, Tesla would be valued much less than its current market cap of nearly $1 trillion. So where is the rest of this value coming from? The explanation lies in investors' belief that Tesla is still significantly ahead in autonomous driving, robotics, and broader AI applications. The FSD and Robotics Story There are several solid reasons for this belief. Consider Full Self Driving and robotaxis, for example. The overall cost of a Waymo vehicle was estimated to be between $150,000 and $200,000 as of 2024. In contrast, Tesla's mass-market vehicles – such as the Model 3 and Model Y – come with all the FSD hardware pre-installed, starting at under $50,000. This gives Tesla a significant cost advantage. Furthermore, Tesla already has millions of vehicles on the road and is contemplating launching a dedicated robotaxi priced below $30,000. The ride-hailing market is already massive, and prior estimates have suggested that the market for autonomous ride-hailing might be even larger – a $750 billion autonomous ride-hailing market is plausible! (A closer look At Tesla's just launched Robotaxi business) Thus, having a large base of relatively affordable vehicles, all equipped with FSD, provides Tesla with a potential distribution edge. Moreover, the Optimus robot could represent another significant initiative. The robot is intended to handle repetitive, hazardous, or mundane tasks in factories, warehouses, and homes. Tesla aims to produce millions of these robots annually by 2030, targeting a price of $20,000 or less. If they succeed, Optimus could become Tesla's next major product category. There are other competitors in this field, including Boston Dynamics. Tesla excels in AI with its self-driving technology and has greatly automated its production facilities, which has clearly fostered investor optimism. Tesla also possesses the manufacturing capabilities to accomplish such ambitious projects. The company operates with far greater levels of automation compared to most automakers, utilizing large-scale casting with the Gigapress, high levels of robotics, and vertically integrated processes. These innovations have minimized its dependence on manual labor in many areas, such as welding, assembly, and material transport. And naturally, there's Elon Musk. Musk's renewed emphasis on Tesla, after stepping back from his government roles earlier this year, is anticipated to aid the company in pursuing its long-term objectives with more vigor. Certainly, autonomous driving and robotics remain exceedingly complex challenges. However, Musk's vision, proven track record of execution, and ability to galvanize people and resources seem to instill confidence in investors that Tesla will deliver. While we consider Tesla stock to be priced high, you might want to investigate the Trefis Reinforced Value (RV) Portfolio, which has outperformed its all-cap stocks benchmark (a combination of the S&P 500, S&P mid-cap, and Russell 2000 benchmark indices) to generate strong returns for investors. What accounts for this? The quarterly rebalanced mix of large-, mid-, and small-cap RV Portfolio stocks provided a responsive strategy to capitalize on favorable market conditions while limiting losses during downturns, as detailed in RV Portfolio performance metrics.
