Trump Makes False Claim About Tesla Boycotts, Musk Blames Soros And LinkedIn Co-Founder For Backing Protests

President Donald Trump took to his Truth Social platform to blame "radical left lunatics" for "illegally and collusively" boycotting Tesla.

Boycotting is not illegal. The Supreme Court ruled in 1982 that the First Amendment of U.S. Constitution protects Americans' rights to protest businesses.

Trump’s tirade comes on the heels of Elon Musk‘s accusations against certain groups tied to Democratic fundraising for orchestrating a campaign against Tesla, Inc. TSLA.

In a Saturday, March 8 post on X, Musk wrote, that ActBlue, a fundraising platform, “is currently under investigation for allowing foreign and illegal donations in criminal violation of campaign finance regulations.”

The billionaire Tesla CEO, who is leading the Department of Government Efficiency (DOGE) cost-cutting effort for Trump, believes that five groups — the Democratic Socialists of America, Disruption Project, Indivisible, Rise & Resist, and Troublemakers — are behind a wave of protests focusing on Tesla dealerships.

Also Read: Reid Hoffman Rebuffs Elon Musk’s DOGE: There’s ‘A Reason The Government Doesn’t Work Like Companies’

Musk named several influential figures including philanthropist George Soros and LinkedIn co-founder Reid Hoffman as financiers of the campaign.

“ActBlue funders include George Soros, Reid Hoffman, Herbert Sandler, Patricia Bauman, and Leah Hunt-Hendrix,” Musk highlighted in the post. He did not cite any evidence.

This isn’t the first time Musk has used social media platform X to fiercely respond to attacks on Tesla.

Tesla shares have suffered a historic seven-week losing streak, shedding $500 billion in market cap. The company’s brand value has also fallen 26%, ranking 36th globally, down from 18th place in 2024, according to Brand Finance.

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