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Elon Musk has set his sights on MacKenzie Scott’s charity work once again.
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The Tesla and SpaceX CEO said the billionaire’s gifts to liberal nonprofits were “concerning.”
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Scott, the ex-wife of Jeff Bezos, has donated over $19 billion to charities since 2019.
Elon Musk has taken aim once again at MacKenzie Scott over the billionaire’s charitable giving.
The Tesla and SpaceX CEO shared on Monday an X post written by John LeFevre criticizing Scott. The author and ex-banker’s post sounded the alarm on Scott’s gifts to nonprofits focused on issues such as racial equity, social justice, immigration protections, and LGBTQ+ rights.
Scott, the ex-wife of Amazon’s founder, Jeff Bezos, has donated over $19 billion to more than 2,450 nonprofits since 2019 via her Yield Giving organization. Her net worth remains above $30 billion thanks to the rising value of her Amazon shares.
“So she’s just getting started,” LeFevre wrote.
Musk reposted the critique along with a single word: “Concerning.”
The world’s richest man, who stumped for Donald Trump and donated more than $270 million to help the former president win reelection, has blasted Scott’s support of liberal causes before.
“‘Super rich ex-wives who hate their former spouse’ should filed be listed among ‘Reasons that Western Civilization died,'” Musk said in a now-deleted X post in March.
About two weeks later, Scott announced she was more than doubling the size of her latest batch of donations to $640 million, spread across 361 organizations.
In May 2022, Musk said the Democratic Party was sidelining his companies because Scott had donated to political action committees “posing as charities.” He also said that she disliked Bezos and that this was resulting in many other people “getting caught in the crossfire.”
But Hans Peter Schmitz, the Bob and Carol Mattocks distinguished professor of nonprofit leadership at North Carolina State University, told BI in September that Scott was setting a powerful example for other philanthropists to follow.
Schmitz said Scott was giving strategically, investing more directly, and relying on consultants to ensure she gave to the best nonprofits in an area. He noted, however, that she was letting the recipients decide how to spend their gifts and hadn’t tied up her fortune in a grant system or foundation.
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Tesla owners offloading their cars over Elon Musk backlash are in for a nasty surprise
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Some Tesla owners are considering selling their cars as backlash against Elon Musk and DOGE grows.
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They may have to take a serious haircut, with prices for used Teslas plummeting in recent years.
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The average price of a pre-owned Tesla is now $30,000, nearly $10,000 less than a non-Tesla EV.
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Tesla owners selling up amid backlash against Elon Musk should be prepared to take a big loss.
Tesla resale values have collapsed in recent years, with the average price of a used Tesla now $10,000 less than that of a non-Tesla electric car, according to data from the dealership website CarGurus.
Used Tesla prices have been in freefall since 2022, dropping from a high of more than $70,000 to hit $30,000 in February, per CarGurus data. In the shorter term, prices have dropped about 10% since August, when the average Tesla resale price was more than $33,000.
The cheapest new Tesla on sale in 2025 is the Model 3, which costs more than $40,000 after estimated taxes and fees, according to Tesla’s website.
Fresh evidence of falling resale prices has come as CEO Elon Musk’s cost-cutting efforts at the White House DOGE office have sparked a backlash against the billionaire’s car company, with some owners vowing to get rid of their cars as Tesla showrooms and vehicles become targets for protests and vandalism.
The singer Sheryl Crow said last month that she was selling her Tesla and donating the proceeds to NPR in a protest against Musk.
The angel investor Joanne Wilson, meanwhile, told Business Insider she was ditching her Model S and floated the idea of letting members of the public smash it with hammers.
Scott Oran, a real estate developer who lives near Boston, told BI he decided to sell his Model 3 after Musk’s political moves left him “embarrassed” to be seen driving it.
Oran said he wanted to sell his Tesla as quickly as possible, adding that he was concerned that the number of Tesla owners flocking to sell their cars and the high-profile vandalism cases could see the resale value drop even further.
“I think, unfortunately, through Elon Musk’s actions, he’s probably irrevocably damaged the Tesla brand,” Oran said.
Lackluster resale values have been a headache for Tesla owners for a while. The Tesla owner and investor Ross Gerber told BI he was struggling to sell his car at anything like fair market value last July.
Used EVs have become more affordable as a growing number of new electric models have hit the market.
Teslas are now by far the most common vehicle on the used electric market, per CarGurus’ data. The rental giant Hertz listed more than 30,000 Tesla vehicles from its fleet for sale last year.
Kevin Roberts, director of economic and market intelligence for CarGurus, told BI: “Tesla has been the dominant EV brand on the new vehicle market for years, which means there’s going to be a lot more of them on the used market.”
Demand for used Teslas has also been hit by price reductions on new vehicles in a bid to drive sales, Roberts said, adding that used EV prices were probably “close to a floor” after years of falls.
Tesla’s share price has plummeted in recent months, dropping more than 50% since December, having surged in the weeks after Donald Trump’s election victory. On Monday alone, the stock dropped 15%, cutting Musk’s net worth by $29 billion in a single day.
With sales falling in Europe and China, the automaker is gearing up to introduce more affordable models this summer and is also planning to launch a robotaxi service in Austin in June.
Tesla didn’t immediately respond to a request for comment from BI.
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Read the original article on Business Insider