Here are the key Tesla news updates for March 20, 2025:
## Tesla Stock Tumbles Amid Protests and Vandalism
Tesla shares fell about 1.7% in premarket trading to $231.75, continuing a downward trend[5]. The stock is down 5% in the last five days, 35% in the last month, and 42% so far this year[5]. This decline comes amid a wave of protests and vandalism targeting Tesla properties across the U.S., Canada, and Europe[3][8].
## “Domestic Terrorism” Charges for Tesla Attacks
Attorney General Pam Bondi announced that the Department of Justice is charging three individuals for allegedly damaging Tesla vehicles and properties[8]. Bondi referred to these attacks as “domestic terrorism” and warned of severe consequences for those involved[8].
## Wall Street Analyst Warns of “Crisis”
Dan Ives of Wedbush Securities, traditionally one of Tesla’s biggest supporters on Wall Street, warned that the company is facing a “crisis”[5]. Ives urged CEO Elon Musk and Tesla’s board to “step up, stop being silent, and help resolve this crisis”[5].
## Insurance Premiums May Rise for Tesla Owners
Experts warn that Tesla owners may face higher insurance premiums due to the recent wave of vandalism targeting the company’s vehicles[6].
## Next-Generation Affordable Model
Tesla remains on track to introduce a more affordable model in the first half of 2025, according to CFO Vaibhav Taneja[9]. This new EV is expected to use a mix of Tesla’s next-generation and existing platforms[9].
## Model S and X Refresh
Tesla is preparing updates for the Model S and Model X, expected later this year[9]. Changes may include new front and rear fascias, interior updates, and technological improvements[9].
## Elon Musk’s Role and Government Efficiency Department
The recent backlash against Tesla has been linked to CEO Elon Musk’s close relationship with President Trump and his role in the Department of Government Efficiency (DOGE)[8]. Some protests have targeted Tesla as a symbol of the DOGE’s initiatives to restructure the federal government[8].
These developments highlight the complex challenges Tesla is facing in 2025, balancing technological innovation, political associations, and public perception.