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'I love Tesla': Twitter co-founder Jack Dorsey backs Elon Musk company amidst surging vandalism and political challenges

'I love Tesla': Twitter co-founder Jack Dorsey backs Elon Musk company amidst surging vandalism and political challenges

  • 24.03.2025 05:56
  • businesstoday.in
  • Keywords: Vandalism, Political Challenges

Jack Dorsey praised Tesla amid vandalism and political challenges, with Elon Musk responding warmly. Despite past criticisms, Dorsey's support highlights a shift in his stance toward Musk.

Tesla NewsTSLAsentiment_satisfied

Estimated market influence

Tesla

Tesla

Positivesentiment_satisfied
Analyst rating: Neutral

Jack Dorsey's support and positive remarks about Tesla may boost public perception and investor confidence.

Twitter/X

Neutralsentiment_neutral
Analyst rating: N/A

Mentioned as the platform where interactions between Musk and Dorsey occurred, but no direct impact on Tesla's operations.

Context

Business Insights and Market Implications

Key Facts and Data Points:

  • Jack Dorsey's Support: Twitter co-founder Jack Dorsey publicly expressed admiration for Tesla, posting "i love tesla" in response to a Tesla quote: "Make things people love."
  • Elon Musk's Response: Elon Musk replied with three heart emojis, marking a rare moment of goodwill between the two tech leaders.
  • Vandalism Surge: Tesla has faced a coordinated wave of vandalism across the U.S. since 2022, targeting showrooms, charging stations, vehicle lots, and privately owned cars.
  • Attack Methods: Incidents include use of Molotov cocktails, arson, and gunfire.
  • Political Context: The attacks intensified after Elon Musk assumed a cabinet role under the Trump administration as head of the Department of Government Efficiency (DOGE).
  • Musk's Claims: He accused "left-wing organizations" of orchestrating the violence but provided no concrete evidence.
  • Dorsey's Changing Stance:
    • Earlier criticized Musk’s leadership post-Twitter acquisition, stating Musk “should have walked away” from the $44 billion deal.
    • Recently praised Musk’s commitment to free speech on X and criticized Twitter’s ad-dependent business model as “sinful.”
    • Applauded taking Twitter private as “the greatest act.”

Market Trends and Business Impact:

  • Tesla's Operational Challenges: The company is grappling with both vandalism and stock volatility amidst political and operational challenges.
  • Brand Perception: The surge in vandalism may harm Tesla’s brand image and customer trust, potentially impacting sales and market share.
  • Free Speech vs. Regulation: Musk’s focus on free speech on X could lead to regulatory scrutiny, affecting Twitter/X’s business model and growth.

Competitive Dynamics:

  • Strategic Shifts: Dorsey’s revised stance highlights a possible shift in the narrative around Tesla and Musk’s leadership, which could influence investor sentiment.
  • Industry Implications: The incident underscores tensions between tech innovation, free speech, and political polarization, with broader implications for the automotive and technology industries.

Long-Term Effects:

  • Regulatory Risks: Potential regulatory actions against Tesla or X could impact both companies’ operations and market valuations.
  • Investor Sentiment: Fluctuating stock prices and negative media coverage may deter investors unless resolved through strategic communication and operational improvements.

Strategic Considerations:

  • Public Relations: Both Tesla and X need to address public concerns about safety, regulation, and leadership to mitigate reputational damage.
  • Operational Security: Tesla must enhance security measures to protect its infrastructure from further vandalism, which could increase costs and reduce profitability.