Tesla is facing another call for boycotts of its electric vehicles (EVs) in Europe, following Elon Musk’s controversial appearances at U.S. President Trump’s inauguration last week and at a campaign event for the Alternative for Germany (AfD) over the weekend.
On Saturday, Musk spoke virtually at a rally for Germany’s AfD, which is widely considered a far-right nationalist party, saying that there was “too much of a focus on past guilt” in what many reported to be referencing the Nazis.
Following the event, Poland’s Minister of Sports and Tourism, Slawomir Nitras, called for strong condemnation of Musk and a Tesla boycott on Monday, coming on the 80th anniversary of the liberation of Jews from Auschwitz (via Polish Press Agency).
“There is no justification for any reasonable Pole to continue purchasing Teslas. A serious and strong response is necessary, including a consumer boycott,” Nitras said. “This ‘Hydra’s’ head may grow back. And, particularly on a day like today, on the anniversary of the Auschwitz liberation, we must remember and loudly speak the truth.”
At the time of writing, Poland’s Ministry of Foreign Affairs has not responded to Teslarati’s request for comment on the report.
READ MORE ON ELON MUSK:
- Elon Musk defended by Israel Prime Minister Benjamin Netanyahu
- Activists claim to project ‘Heil Tesla’ image on Giga Berlin
The statement comes after Musk over the weekend encouraged German’s AfD party to be proud of being German during a campaign event on Saturday, and after he performed what appeared to be a Nazi salute during U.S. President Donald Trump’s inauguration ceremony last Monday.
“I think there’s, like, frankly, too much of a focus on past guilt, and we need to move beyond that,” Musk said during the AfD rally. “Children should not be guilty of the sins of their parents or even, let alone their parents, their great grandparents, maybe even. And we should be optimistic and excited about a future for Germany.
“That’s really what it is, to be excited, to be optimistic about the future, to preserve German culture and protect the German people. And you know, there are some other things that I think would be very helpful too, which is that, I think you want more self-determination for Germany and for the countries in Europe, and less from Brussels.”
He also warned of “multiculturalism that dilutes everything,” stoking fears of the world becoming “the same everywhere, where it’s just one big sort of soup.”
The event comes ahead of a key German election being held on February 23, and Musk also said that it could “decide the entire fate of Europe and maybe the fate of the world.”
Ahead of the AfD appearance, many executives and boardmembers in Germany announced their disdain for Musk’s apparent Nazi salute, echoing their intentions to avoid purchasing Tesla’s EVs in the future.
“We can no longer support the path we are currently on,”said Lars Viebrock, Viebrockhaus CEO. Others highlighted the “incompatibility” between Musk’s statements and the values of Tesla’s products.
Tesla Germany declined to comment on the matter or on Musk’s recent rally appearances.
Despite downplaying the events with Nazi-related jokes, and his pointing to “how insanely hard legacy media tried to cancel me for saying ‘my heart goes out to you,’” Musk has also gained support from Israel Prime Minister Benjamin Netanyahu, who called the Tesla CEO “a great friend of Israel.”
“He visited Israel after the October 7 massacre in which Hamas terrorists committed the worst atrocity against the Jewish people since the Holocaust,” Netanyahu said. “He has since repeatedly and forcefully supported Israel’s right to defend itself against genocidal terrorists and regimes who seek to annihilate the one and only Jewish state. I thank him for this.”
Tesla has also been facing significant pressure from union strikes and sympathy strikes in Sweden over the last year, with multiple industries attempting to block delivery of the company’s EVs, license plates for buyers, and the connection of new Supercharger stalls to the electrical grid.
What are your thoughts? Let me know at zach@teslarati.com, find me on X at @zacharyvisconti, or send us tips at tips@teslarati.com.
Maye Musk shares frustration over media’s “Nazi family” portrayal amid Elon Musk gesture controversy
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Elon Musk
SpaceX’s amended S-1 is sparking a major Tesla merger conversation
A single line in SpaceX’s amended S-1 just sent Tesla stock down 5% in one day.
A single line buried in SpaceX’s amended S-1 filing is doing more to move Tesla’s stock price than anything Tesla itself has announced in months. The clause, disclosed as SpaceX prepares for what could be the largest IPO in Wall Street history, states that the company “may issue a significant amount of equity in connection with future transactions.” While this may be seen as boilerplate language in S-1 filings, the historical ties between SpaceX and Tesla, and with Elon Musk reportedly discussing a possible merger with close colleagues, investors are interpreting it as something closer to a signal.
The concern among institutional investors like Gary Black, managing director of The Future Fund, pointed directly to the amended filing on X, saying it “strongly suggests more SPCX equity will be issued,” which could potentially be used to acquire Tesla. He estimated such a deal could be 28% dilutive to Tesla shareholders since SpaceX would likely command a significantly higher valuation multiple. Black added that institutional investors he knows hate the idea of a combination because they prefer pure plays over conglomerates, which he said “nearly always gravitate to the lowest common multiple.”
The Tesla and SpaceX merger everyone is talking about is quietly building
The bull case runs the math differently. Tesla influencer and retail shareholder advocate AleXandra Merz pushed back on what she called a widespread misunderstanding of how merger-of-equals deals actually work. Rather than simply splitting the difference between two market caps, a merger exchange ratio is negotiated based on relative fair market values, meaning the lower valued company typically sees its stock reprice upward toward the deal value.
Under her model, SpaceX enters at a $2.5 trillion valuation and Tesla at $1.6 trillion, producing a combined entity worth $4.1 trillion split evenly between both shareholder groups. That implies Tesla’s side of the deal would be valued at $2.05 trillion, a gain of roughly $450 billion from its current market cap. She cited Dow-DuPont and CBS-Viacom as historical examples of how markets reprice both companies toward the announced exchange ratio after a deal is unveiled.
What does a Merger of Equals mean to Elon’s compensation packages?
Well, it changes everything.
Enjoy https://t.co/uekCldyITw pic.twitter.com/kolq1C9qTu
— AleXandra Merz 🇺🇲 (@TeslaBoomerMama) June 1, 2026
The SpaceX S-1 amendments also revealed just how much financial infrastructure already binds the two companies together. As Teslarati has reported, SpaceX purchased $697 million in Tesla Megapacks, $131 million in Cybertrucks, and the two companies have shared supply chain resources, and semiconductor fabrication plans since well before any merger conversation became public. A retail poll by Tesla influencer Sawyer Merritt is finding that 36% of respondents do not plan to buy SpaceX shares at IPO and 15.3% saying their decision depends on the valuation.
Do you plan on buying @SpaceX stock at its IPO?
— Sawyer Merritt (@SawyerMerritt) June 1, 2026
Whether the merger happens or not, the amended filing is seemingly moving markets and sharpened a debate that is no longer theoretical. SpaceX is weeks away from trading publicly, and Tesla shareholders are now watching every word of every filing for clues about what Musk plans to do next.
Elon Musk has firmly denied recent media reports suggesting that SpaceX has reduced its target valuation for an upcoming initial public offering.
The denial came directly from the SpaceX and Tesla frontman on his social media platform X, where he responded with a single word, “False,” to a post from ZeroHedge that cited Bloomberg sources.
This swift rebuttal underscores Musk’s ongoing effort to manage speculation surrounding one of the most anticipated market debuts in recent history.
False
— Elon Musk (@elonmusk) May 29, 2026
According to the disputed reports, SpaceX had lowered its IPO valuation goal to at least $1.8 trillion from previous ambitions exceeding $2 trillion.
The claims emerged amid growing anticipation for the company’s confidential S-1 filing, which positions it for a potential public listing as early as June.
Some had pointed to strong revenue growth, particularly from the Starlink satellite internet service, which contributed heavily to the firm’s 2025 figures of $18.7 billion. Yet challenges persist in other areas, including substantial investments and losses tied to ambitious projects like Starship development and artificial intelligence initiatives, which plan to make life multiplanetary eventually.
Musk’s response highlights a pattern in which he actively counters what he views as inaccurate portrayals of his companies’ trajectories.
SpaceX, already valued privately at extraordinary levels, stands as a cornerstone of Musk’s empire alongside Tesla and xAI. The entrepreneur has long emphasized the transformative potential of reusable rockets and global broadband access, factors that fuel investor enthusiasm despite operational hurdles.
By rejecting the valuation downgrade narrative, Musk signals confidence in SpaceX’s fundamentals and its readiness for public markets on terms favorable to its long-term vision. People have been waiting a very long time to invest in SpaceX, and the valuation, as well as the introductory share price, is not going to need adjusting.
They’ll have plenty of suitors.
This episode reflects broader dynamics in the technology sector, where rumors often swirl around high-profile entities. Musk’s direct engagement with media narratives serves to maintain transparency and control the narrative around his ventures.
As SpaceX prepares for greater scrutiny in public markets, the founder’s denial reinforces optimism about its prospects. Supporters argue that the company’s innovative edge positions it for enduring success, far beyond short-term valuation debates. With the denial now public, attention turns to forthcoming regulatory filings that could provide clearer insights into SpaceX’s strategy and financial health.
The coming weeks promise to reveal more about how SpaceX will transition into a publicly traded powerhouse.
Tesla’s dreams of operating a fully autonomous ride-hailing platform just took a massive step toward reality, as two separate events have indicated the company is perhaps closer than ever to achieving self-driving as a product.
On Thursday, Tesla was granted authorization by the State of Texas to operate driverless vehicles in a commercial manner. On May 28, Senate Bill 2807, passed by the 89th Texas Legislature, took effect after being passed back on September 1, 2025.
The bill establishes a statewide regulatory framework requiring authorization from the Texas Department of Motor Vehicles for companies to operate automated vehicles commercially on Texas roads.
This covers driverless, or SAE Level 4+, operations for passenger transport, meaning Robotaxi, or freight.
Tesla and other companies can self-certify their vehicles and tech as long as they:
- Operate in compliance with Texas traffic laws
- Maintain proper registration, title, and insurance
- Use compliant automated driving systems
- Record onboard activity and handle system failures and glitches safely.
The new authorization, which was first reported by James Stephenson on X, allows companies to utilize their own processes to determine if their vehicles are ready to operate without drivers.
🚨BREAKING:
Tesla has been authorized by the State of Texas to operate driverless vehicles commercially under the new law that took effect today, May 28th, 2026. Tesla has officially self-certified the software running on its robotaxis as Level 4. $TSLA pic.twitter.com/KSJdsvlaW5— James Stephenson (@ICannot_Enough) May 28, 2026
It is a rule that expedites the entire approval process, keeping agencies out of a usually long, lengthy, and frustrating task that is essential to technological advancements. It essentially means Tesla can launch commercial Robotaxi operations at this point.
On the very same day, Tesla continued the momentum as CEO Elon Musk shared a video of Cybercab units autonomously driving off the property at Gigafactory Texas. This is a major step in the story of the Cybercab.
Mass production of the Cybercab started at Giga Texas in April, and it is already heading out of the factory on its own.
Cybercab driving itself out of the GigaTexas factory pic.twitter.com/EwAMVVDjYy
— Elon Musk (@elonmusk) May 28, 2026
These two major events mark a drastic step forward in Tesla’s progress toward Cybercab and the permissions it needs to operate a self-driving ride-hailing service. Tesla is now able to operate autonomously under Texas law by self-certifying, and with the potentially imminent rollout of Cybercab, Tesla’s autonomous dreams are starting to take serious shape.
Tesla Full Self-Driving attempts 150-mile stress test: the good and the bad
SpaceX’s amended S-1 is sparking a major Tesla merger conversation
