Trump Joins Musk To Slam Soros, LinkedIn Co-Founder Over Tesla Boycotts, 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. That said, it’s unclear whether the president’s comment was in fact referring to boycotting itself or building upon Elon Musk’s allegations over the weekend.

Trump’s comment 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.

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

Tesla ranks in the 55th percentile for growth and the 95th for quality according to Benzinga’s proprietary Edge Rankings. To see more rankings, including for momentum and value by using our Screener tools.

Read Next:

• The Heart-Breaking Story Of Afghan Women Facing Deportation After Trump’s USAID Aid Cuts

Image: Shutterstock